Pagaya Technologies Ltd. (NASDAQ:PGY) Insider Yahav Yulzari Sells 150,000 Shares of Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) insider Yahav Yulzari sold 150,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 161,637 shares in the company, valued at $2,505,373.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Yahav Yulzari also recently made the following trade(s):

• On Monday, September 30th, Yahav Yulzari bought 23,600 shares of Pagaya Technologies stock. The shares were acquired at an average cost of $10.52 per share, for a total transaction of $248,272.00.

Pagaya Technologies Trading Down 35.6 %

NASDAQ PGY opened at $10.88 on Wednesday. The firm has a market capitalization of $781.35 million, a PE ratio of -5.58 and a beta of 6.33. Pagaya Technologies Ltd. has a one year low of $8.56 and a one year high of $20.50. The company has a 50-day simple moving average of $11.74 and a 200-day simple moving average of $12.35. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.50 and a current ratio of 1.50.

Hedge Funds Weigh In On Pagaya Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. nVerses Capital LLC acquired a new position in Pagaya Technologies during the 2nd quarter valued at approximately $74,000. SG Americas Securities LLC acquired a new stake in shares of Pagaya Technologies in the 2nd quarter worth about $101,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Pagaya Technologies in the 2nd quarter valued at about $166,000. The Manufacturers Life Insurance Company acquired a new position in Pagaya Technologies during the 2nd quarter valued at about $187,000. Finally, Intech Investment Management LLC bought a new position in Pagaya Technologies in the 3rd quarter worth about $191,000. 57.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PGY shares. JMP Securities restated a “market outperform” rating and set a $25.00 price objective on shares of Pagaya Technologies in a research note on Tuesday, September 3rd. Benchmark reissued a “buy” rating and set a $21.00 price target on shares of Pagaya Technologies in a research report on Wednesday, October 16th. Wedbush reaffirmed a “neutral” rating and issued a $13.00 price target on shares of Pagaya Technologies in a report on Monday, August 12th. Canaccord Genuity Group decreased their price objective on shares of Pagaya Technologies from $42.00 to $32.00 and set a “buy” rating for the company in a report on Monday, September 30th. Finally, B. Riley cut 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. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.89.

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.