Pagaya Technologies Ltd. (NASDAQ:PGY) Insider Tami Rosen Sells 9,846 Shares

Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) insider Tami Rosen sold 9,846 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $12.18, for a total value of $119,924.28. Following the sale, the insider now directly owns 73,550 shares of the company's stock, valued at $895,839. This represents a 11.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Thursday, January 2nd, Tami Rosen sold 21,547 shares of Pagaya Technologies stock. The shares were sold at an average price of $9.97, for a total value of $214,823.59.

Pagaya Technologies Price Performance

Shares of PGY stock traded down $1.70 during trading hours on Tuesday, reaching $11.31. The company had a trading volume of 7,655,750 shares, compared to its average volume of 2,001,985. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a fifty day moving average of $9.63 and a 200-day moving average of $11.13. The company has a market capitalization of $833.09 million, a price-to-earnings ratio of -4.45 and a beta of 6.09. Pagaya Technologies Ltd. has a 12-month low of $8.20 and a 12-month high of $20.00.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Benchmark restated a "buy" rating and set a $21.00 target price on shares of Pagaya Technologies in a research note on Wednesday, October 16th. Canaccord Genuity Group lowered their price target on Pagaya Technologies from $32.00 to $25.00 and set a "buy" rating for the company in a research report on Wednesday, November 13th. Citigroup raised Pagaya Technologies from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $13.00 to $14.50 in a research report on Friday. Finally, UBS Group started coverage on Pagaya Technologies in a research report on Friday, December 20th. They set a "neutral" rating and a $11.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.06.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PGY. R Squared Ltd acquired a new stake in shares of Pagaya Technologies in the fourth quarter valued at $30,000. Nisa Investment Advisors LLC acquired a new stake in shares of Pagaya Technologies in the fourth quarter valued at $57,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Pagaya Technologies in the fourth quarter valued at $67,000. BNP Paribas Financial Markets raised its stake in shares of Pagaya Technologies by 48.4% in the third quarter. BNP Paribas Financial Markets now owns 9,757 shares of the company's stock valued at $103,000 after acquiring an additional 3,181 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in shares of 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. 57.14% of the stock is currently owned by institutional investors and hedge funds.

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.