Pagaya Technologies Ltd. (NASDAQ:PGY) Insider Yahav Yulzari Sells 4,700 Shares

Pagaya Technologies Ltd. (NASDAQ:PGY) insider Yahav Yulzari sold 4,700 shares of the business’s stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $19.00, for a total value of $89,300.00. Following the completion of the sale, the insider now directly owns 4,148,850 shares of the company’s stock, valued at $78,828,150. The trade was a 0.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 value of $1,070,028.08.
• On Tuesday, June 24th, Yahav Yulzari sold 241,160 shares of Pagaya Technologies stock. The shares were sold at an average price of $19.65, for a total value of $4,738,794.00.
• On Friday, June 20th, Yahav Yulzari sold 8,259 shares of Pagaya Technologies stock. The shares were sold at an average price of $19.04, for a total value of $157,251.36.
• 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 stock was sold at an average price of $15.16, for a total value of $3,608,140.64.

Pagaya Technologies Price Performance

Shares of NASDAQ PGY opened at $19.18 on Thursday. Pagaya Technologies Ltd. has a twelve month low of $8.20 and a twelve month high of $20.60. The stock’s 50 day moving average price is $14.94 and its 200-day moving average price is $12.09. The company has a market capitalization of $1.45 billion, a PE ratio of -3.78 and a beta of 5.93. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.82.

Hedge Funds Weigh In On Pagaya Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Frontier Capital Management Co. LLC purchased a new position in shares of Pagaya Technologies in the 4th quarter worth approximately $28,070,000. Goldman Sachs Group Inc. lifted its stake in Pagaya Technologies by 26.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,705,245 shares of the company’s stock valued at $17,871,000 after purchasing an additional 359,099 shares during the last quarter. Millennium Management LLC lifted its stake in Pagaya Technologies by 320.1% in the first quarter. Millennium Management LLC now owns 1,262,413 shares of the company’s stock valued at $13,230,000 after purchasing an additional 961,944 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in Pagaya Technologies by 284.3% in the fourth quarter. Point72 Asset Management L.P. now owns 1,198,398 shares of the company’s stock valued at $11,133,000 after purchasing an additional 886,539 shares during the last quarter. Finally, Two Sigma Investments LP lifted its stake in Pagaya Technologies by 359.6% in the fourth quarter. Two Sigma Investments LP now owns 826,119 shares of the company’s stock valued at $7,675,000 after purchasing an additional 646,357 shares during the last quarter. Hedge funds and other institutional investors own 57.14% of the company’s stock.

Analyst Upgrades and Downgrades

PGY has been the subject of a number of recent research reports. JMP Securities reissued a “market outperform” rating and set a $26.00 price objective on shares of Pagaya Technologies in a report on Tuesday. B. Riley reissued a “buy” rating and set a $36.00 price objective on shares of Pagaya Technologies in a report on Monday, March 17th. Stephens initiated coverage on Pagaya Technologies in a report on Thursday, June 12th. They set an “overweight” rating and a $22.00 price objective for the company. Finally, Benchmark reissued a “buy” rating and set a $25.00 price objective on shares of Pagaya Technologies in a report on Monday, March 17th. Two 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 company has an average rating of “Moderate Buy” and a consensus target price of $20.50.

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.