Pagaya Technologies Ltd. (NASDAQ:PGY) Insider Yahav Yulzari Sells 241,160 Shares

Pagaya Technologies Ltd. (NASDAQ:PGY) insider Yahav Yulzari sold 241,160 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $19.65, for a total transaction of $4,738,794.00. Following the completion of the sale, the insider now directly owns 3,846,564 shares in the company, valued at approximately $75,584,982.60. The trade was a 5.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Yahav Yulzari also recently made the following trade(s):

• On Wednesday, June 25th, Yahav Yulzari sold 52,867 shares of Pagaya Technologies stock. The shares were sold at an average price of $20.24, for a total transaction of $1,070,028.08.
• On Friday, June 20th, Yahav Yulzari sold 8,259 shares of Pagaya Technologies stock. The stock was sold at an average price of $19.04, for a total transaction of $157,251.36.
• On Wednesday, June 18th, Yahav Yulzari sold 4,700 shares of Pagaya Technologies stock. The stock was sold at an average price of $19.00, for a total value of $89,300.00.
• On Monday, June 16th, Yahav Yulzari sold 5,144 shares of Pagaya Technologies stock. The shares were sold at an average price of $19.02, for a total value of $97,838.88.
• On Thursday, June 12th, Yahav Yulzari sold 48,981 shares of Pagaya Technologies stock. The stock was sold at an average price of $19.05, for a total value of $933,088.05.
• On Monday, May 12th, Yahav Yulzari sold 238,004 shares of Pagaya Technologies stock. The shares were sold at an average price of $15.16, for a total value of $3,608,140.64.

Pagaya Technologies Trading Up 9.6%

NASDAQ:PGY opened at $21.39 on Friday. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of -4.22 and a beta of 5.93. Pagaya Technologies Ltd. has a one year low of $8.20 and a one year high of $21.46. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.79 and a current ratio of 1.79. The business’s 50-day simple moving average is $15.38 and its 200 day simple moving average is $12.23.

Analysts Set New Price Targets

A number of research firms have issued reports on PGY. B. Riley restated a “buy” rating and issued a $36.00 target price on shares of Pagaya Technologies in a report on Monday, March 17th. Benchmark reissued a “buy” rating and set a $25.00 price objective on shares of Pagaya Technologies in a research note on Monday, March 17th. Stephens assumed coverage on shares of Pagaya Technologies in a research report on Thursday, June 12th. They set an “overweight” rating and a $22.00 target price on the stock. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $26.00 target price on shares of Pagaya Technologies in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $20.50.

Institutional Investors Weigh In On Pagaya Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers boosted its stake in shares of Pagaya Technologies by 14.7% during the 4th quarter. Rhumbline Advisers now owns 75,620 shares of the company’s stock valued at $703,000 after buying an additional 9,674 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Pagaya Technologies by 80.7% in the fourth quarter. IFP Advisors Inc now owns 13,265 shares of the company’s stock worth $123,000 after buying an additional 5,925 shares during the last quarter. Arizona State Retirement System raised its holdings in Pagaya Technologies by 10.9% in the fourth quarter. Arizona State Retirement System now owns 11,154 shares of the company’s stock valued at $104,000 after acquiring an additional 1,092 shares in the last quarter. Swiss National Bank boosted its stake in Pagaya Technologies by 8.9% during the 4th quarter. Swiss National Bank now owns 75,583 shares of the company’s stock valued at $702,000 after acquiring an additional 6,200 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in Pagaya Technologies by 21.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 22,828 shares of the company’s stock valued at $212,000 after acquiring an additional 3,965 shares during the last quarter. 57.14% of the stock is currently owned by hedge funds and other institutional investors.

About Pagaya Technologies

Pagaya Technologies Ltd., a product-focused technology company, deploys data science and proprietary artificial intelligence-powered technology for financial institutions and investors in the United States, Israel, the Cayman Islands, and internationally. The company develops and implements proprietary artificial intelligence technology and related software solutions to assist partners to originate loans and other assets.