Swiss National Bank Has $806,000 Stock Holdings in Pagaya Technologies Ltd. $PGY

Swiss National Bank lifted its position in Pagaya Technologies Ltd. (NASDAQ:PGY) by 1.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,883 shares of the company’s stock after buying an additional 1,300 shares during the period. Swiss National Bank owned about 0.10% of Pagaya Technologies worth $806,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Frontier Capital Management Co. LLC bought a new stake in shares of Pagaya Technologies in the 4th quarter valued at $28,070,000. Point72 Asset Management L.P. increased its position in shares of 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 buying an additional 886,539 shares in the last quarter. Two Sigma Investments LP increased its position in shares of Pagaya Technologies by 359.6% in the 4th quarter. Two Sigma Investments LP now owns 826,119 shares of the company’s stock valued at $7,675,000 after buying an additional 646,357 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Pagaya Technologies by 446.1% in the 1st quarter. Bank of New York Mellon Corp now owns 482,018 shares of the company’s stock valued at $5,052,000 after buying an additional 393,752 shares in the last quarter. Finally, Two Sigma Advisers LP increased its position in shares of Pagaya Technologies by 1,942.7% in the 4th quarter. Two Sigma Advisers LP now owns 232,682 shares of the company’s stock valued at $2,162,000 after buying an additional 221,291 shares in the last quarter. Institutional investors own 57.14% of the company’s stock.

Insider Activity at Pagaya Technologies

In other news, insider Yahav Yulzari sold 241,160 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $19.65, for a total transaction of $4,738,794.00. Following the completion of the transaction, the insider directly owned 3,846,564 shares in the company, valued at $75,584,982.60. This represents a 5.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Avital Pardo sold 239,989 shares of the stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $19.65, for a total transaction of $4,715,783.85. Following the transaction, the chief technology officer owned 802,961 shares of the company’s stock, valued at approximately $15,778,183.65. This represents a 23.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 878,155 shares of company stock valued at $17,372,922 in the last quarter. 47.59% of the stock is currently owned by company insiders.

Pagaya Technologies Price Performance

Shares of NASDAQ PGY opened at $34.48 on Wednesday. The firm has a market cap of $2.64 billion, a PE ratio of -9.00 and a beta of 5.95. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.85. Pagaya Technologies Ltd. has a 1-year low of $8.20 and a 1-year high of $41.48. The company has a fifty day moving average price of $27.28 and a 200 day moving average price of $17.88.

Analyst Ratings Changes

PGY has been the subject of a number of recent analyst reports. B. Riley upped their price objective on shares of Pagaya Technologies from $46.00 to $54.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Benchmark upped their price objective on shares of Pagaya Technologies from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Citigroup upped their price objective on shares of Pagaya Technologies from $16.50 to $40.00 and gave the company a “buy” rating in a research report on Monday, July 21st. JMP Securities upped their target price on shares of Pagaya Technologies from $26.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Monday, August 11th. Finally, Oppenheimer upped their target price on shares of Pagaya Technologies from $16.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Pagaya Technologies presently has an average rating of “Moderate Buy” and an average target price of $34.33.

Pagaya Technologies 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.