58,326 Shares in Pagaya Technologies Ltd. (NASDAQ:PGY) Bought by Centiva Capital LP

Centiva Capital LP purchased a new position in shares of Pagaya Technologies Ltd. (NASDAQ:PGY - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 58,326 shares of the company's stock, valued at approximately $617,000. Centiva Capital LP owned approximately 0.08% of Pagaya Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PGY. ARK Investment Management LLC raised its position in shares of Pagaya Technologies by 36.2% during the 2nd quarter. ARK Investment Management LLC now owns 221,810 shares of the company's stock worth $2,830,000 after purchasing an additional 58,939 shares during the last quarter. Yarra Square Partners LP increased its stake in Pagaya Technologies by 29.9% during the 2nd quarter. Yarra Square Partners LP now owns 619,345 shares of the company's stock worth $7,903,000 after buying an additional 142,500 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Pagaya Technologies by 455.9% during the second quarter. Millennium Management LLC now owns 218,549 shares of the company's stock valued at $2,789,000 after acquiring an additional 179,235 shares during the last quarter. Rhumbline Advisers purchased a new position in shares of Pagaya Technologies in the second quarter valued at approximately $781,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Pagaya Technologies in the second quarter worth approximately $1,564,000. Institutional investors and hedge funds own 57.14% of the company's stock.

Insider Activity

In other Pagaya Technologies news, insider Tami Rosen sold 7,659 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $12.00, for a total transaction of $91,908.00. Following the sale, the insider now directly owns 65,857 shares in the company, valued at $790,284. This represents a 10.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Yahav Yulzari sold 150,000 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $15.50, for a total value of $2,325,000.00. Following the sale, the insider now directly owns 161,637 shares in the company, valued at $2,505,373.50. This represents a 48.13 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 186,045 shares of company stock valued at $2,755,982. 49.56% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PGY has been the subject of a number of recent research reports. JMP Securities reiterated a "market outperform" rating and issued a $25.00 target price on shares of Pagaya Technologies in a research report on Tuesday, September 3rd. B. Riley decreased their target price on shares of Pagaya Technologies from $48.00 to $36.00 and set a "buy" rating on the stock in a research note on Monday, September 30th. Benchmark restated a "buy" rating and set a $21.00 target price on shares of Pagaya Technologies in a report on Wednesday, October 16th. Oppenheimer assumed coverage on Pagaya Technologies in a report on Tuesday, October 1st. They issued an "outperform" rating and a $12.00 price target for the company. Finally, Canaccord Genuity Group lowered their price objective on Pagaya Technologies from $32.00 to $25.00 and set a "buy" rating on the stock in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, Pagaya Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $22.11.

Pagaya Technologies Trading Down 0.3 %

Shares of Pagaya Technologies stock traded down $0.03 on Friday, reaching $10.20. The company had a trading volume of 1,141,325 shares, compared to its average volume of 2,948,657. The firm has a market cap of $751.33 million, a PE ratio of -4.02 and a beta of 6.11. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.17 and a current ratio of 1.17. Pagaya Technologies Ltd. has a 52-week low of $8.20 and a 52-week high of $20.50. The firm's 50 day moving average price is $10.90 and its two-hundred day moving average price is $12.18.

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.