Pagaya Technologies Ltd. (NASDAQ:PGY) Insider Tami Rosen Sells 35,369 Shares

Pagaya Technologies Ltd. (NASDAQ:PGY) insider Tami Rosen sold 35,369 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $15.00, for a total transaction of $530,535.00. Following the completion of the sale, the insider now owns 38,181 shares of the company’s stock, valued at $572,715. This trade represents a 48.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Tami Rosen also recently made the following trade(s):

• On Friday, February 7th, Tami Rosen sold 9,846 shares of Pagaya Technologies stock. The stock was sold at an average price of $12.18, for a total transaction of $119,924.28.
• On Thursday, January 2nd, Tami Rosen sold 21,547 shares of Pagaya Technologies stock. The stock was sold at an average price of $9.97, for a total transaction of $214,823.59.

Pagaya Technologies Trading Up 24.3 %

Shares of NASDAQ PGY opened at $14.64 on Friday. Pagaya Technologies Ltd. has a twelve month low of $8.20 and a twelve month high of $20.00. The firm has a market cap of $1.08 billion, a PE ratio of -5.76 and a beta of 6.09. The business has a fifty day simple moving average of $9.68 and a two-hundred day simple moving average of $11.11. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.82.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PGY. UBS Group initiated coverage on Pagaya Technologies in a report on Friday, December 20th. They issued a “neutral” rating and a $11.00 price target on the stock. Citigroup upgraded Pagaya Technologies from a “neutral” rating to a “buy” rating and increased their target price for the stock from $13.00 to $14.50 in a research note on Friday, February 7th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $25.00 target price on shares of Pagaya Technologies in a research report on Thursday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $20.06.

Institutional Trading of Pagaya Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in Pagaya Technologies by 502.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 152,288 shares of the company’s stock worth $1,610,000 after acquiring an additional 127,012 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in shares of Pagaya Technologies by 4,374.9% during the third quarter. Point72 Asset Management L.P. now owns 311,859 shares of the company’s stock valued at $3,296,000 after purchasing an additional 304,890 shares in the last quarter. Centiva Capital LP bought a new position in shares of Pagaya Technologies during the third quarter valued at approximately $617,000. Charles Schwab Investment Management Inc. increased its holdings in Pagaya Technologies by 17.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 111,991 shares of the company’s stock valued at $1,184,000 after buying an additional 16,533 shares during the period. Finally, Quantbot Technologies LP bought a new position in Pagaya Technologies in the third quarter worth approximately $787,000. 57.14% of the stock is currently owned by institutional investors.

Pagaya Technologies Company Profile

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.