Hamilton Lane Advisors LLC Makes New $12.10 Million Investment in Pagaya Technologies Ltd. $PGY

Hamilton Lane Advisors LLC bought a new stake in Pagaya Technologies Ltd. (NASDAQ:PGY) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 407,435 shares of the company’s stock, valued at approximately $12,097,000. Pagaya Technologies makes up approximately 7.0% of Hamilton Lane Advisors LLC’s holdings, making the stock its 6th biggest holding. Hamilton Lane Advisors LLC owned approximately 0.53% of Pagaya Technologies at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Moody National Bank Trust Division bought a new stake in Pagaya Technologies during the 3rd quarter worth about $841,000. Venture Visionary Partners LLC acquired a new stake in shares of Pagaya Technologies in the third quarter valued at approximately $1,577,000. Tower Research Capital LLC TRC increased its holdings in shares of Pagaya Technologies by 177.8% in the second quarter. Tower Research Capital LLC TRC now owns 6,561 shares of the company’s stock valued at $140,000 after purchasing an additional 4,199 shares in the last quarter. Voleon Capital Management LP bought a new position in Pagaya Technologies in the 2nd quarter worth approximately $353,000. Finally, HRT Financial LP lifted its holdings in Pagaya Technologies by 142.6% during the 2nd quarter. HRT Financial LP now owns 223,164 shares of the company’s stock worth $4,757,000 after buying an additional 131,173 shares in the last quarter. 57.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Pagaya Technologies in a research note on Tuesday, October 14th. Wall Street Zen lowered Pagaya Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. Benchmark reissued a “buy” rating and set a $48.00 price objective on shares of Pagaya Technologies in a report on Wednesday, October 1st. Zacks Research lowered shares of Pagaya Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Finally, Canaccord Genuity Group boosted their price target on shares of Pagaya Technologies from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Eight analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $34.67.

Pagaya Technologies Price Performance

Shares of PGY opened at $22.31 on Wednesday. The stock has a market cap of $1.79 billion, a P/E ratio of -8.36 and a beta of 5.84. Pagaya Technologies Ltd. has a 1 year low of $8.27 and a 1 year high of $44.99. The stock’s 50-day moving average price is $25.64 and its two-hundred day moving average price is $27.80. The company has a current ratio of 11.41, a quick ratio of 11.41 and a debt-to-equity ratio of 1.16.

Insider Activity at Pagaya Technologies

In other Pagaya Technologies news, President Sanjiv Das sold 4,783 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $30.20, for a total value of $144,446.60. Following the completion of the sale, the president owned 100,640 shares of the company’s stock, valued at approximately $3,039,328. This represents a 4.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Evangelos Perros sold 12,754 shares of Pagaya Technologies stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $30.20, for a total transaction of $385,170.80. Following the transaction, the chief financial officer directly owned 78,163 shares in the company, valued at approximately $2,360,522.60. This represents a 14.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 32,563 shares of company stock worth $991,366. 47.59% of the stock is currently owned by company insiders.

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.