Pagaya Technologies Ltd. (NASDAQ:PGY) Insider Tami Rosen Sells 8,187 Shares

Pagaya Technologies Ltd. (NASDAQ:PGY) insider Tami Rosen sold 8,187 shares of the firm’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $17.90, for a total value of $146,547.30. Following the completion of the transaction, the insider now owns 45,619 shares of the company’s stock, valued at $816,580.10. The trade was a 15.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, June 10th, Tami Rosen sold 13,814 shares of Pagaya Technologies stock. The shares were sold at an average price of $17.68, for a total value of $244,231.52.

Pagaya Technologies Stock Up 4.1%

Pagaya Technologies stock opened at $18.67 on Tuesday. The stock has a market cap of $1.41 billion, a P/E ratio of -3.39 and a beta of 5.93. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.82. Pagaya Technologies Ltd. has a twelve month low of $8.20 and a twelve month high of $19.20. The company’s 50-day moving average price is $13.65 and its two-hundred day moving average price is $11.69.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PGY. Frontier Capital Management Co. LLC bought a new position in Pagaya Technologies in the 4th quarter valued at about $28,070,000. Millennium Management LLC raised its holdings in Pagaya Technologies by 320.1% in the 1st quarter. Millennium Management LLC now owns 1,262,413 shares of the company’s stock valued at $13,230,000 after acquiring an additional 961,944 shares during the period. Point72 Asset Management L.P. raised its holdings in Pagaya Technologies by 284.3% in the 4th quarter. Point72 Asset Management L.P. now owns 1,198,398 shares of the company’s stock valued at $11,133,000 after acquiring an additional 886,539 shares during the period. Two Sigma Investments LP increased its holdings in shares of Pagaya Technologies by 359.6% during the fourth quarter. Two Sigma Investments LP now owns 826,119 shares of the company’s stock worth $7,675,000 after purchasing an additional 646,357 shares during the period. Finally, Nuveen LLC bought a new position in shares of Pagaya Technologies during the first quarter worth approximately $6,465,000. 57.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PGY shares. Benchmark reiterated a “buy” rating and issued a $25.00 target price on shares of Pagaya Technologies in a research note on Monday, March 17th. B. Riley reiterated a “buy” rating and issued a $36.00 target price on shares of Pagaya Technologies in a research note on Monday, March 17th. Finally, Stephens started coverage on shares of Pagaya Technologies in a research note on Thursday, June 12th. They issued an “overweight” rating and a $22.00 target price for the company. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Pagaya Technologies has an average rating of “Moderate Buy” and a consensus price target of $20.75.

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.