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NEW YORK—Rosen Tami, the Chief Development Officer of Pagaya Technologies Ltd. (NASDAQ:PGY), has sold a significant portion of her holdings in the company. According to a recent SEC filing, Tami sold 9,846 shares of the company’s Class A Ordinary Shares on February 7, 2025, at a price of $12.18 per share, amounting to a total of $119,924. The sale comes as PGY shares have shown strong momentum, gaining nearly 20% in the past week and currently trading at $12.50.
The transaction was conducted as part of a pre-arranged 10b5-1 trading plan, which is often used by executives to manage stock sales in a structured manner. Following this sale, Tami retains ownership of 73,550 shares in Pagaya Technologies, which has a current market capitalization of $918 million.
Investors often keep a close watch on insider transactions, as they can provide insights into the company’s future prospects and the confidence level of its executives. With Pagaya’s next earnings report due on February 13 and analysts maintaining a bullish stance on the stock, investors seeking deeper insights can access comprehensive analysis through InvestingPro, which offers exclusive financial metrics and expert research reports.
In other recent news, Pagaya Technologies has been making significant strides in its financial strategies and corporate structure. The company announced a forward flow agreement with Blue Owl Managed Funds to sell up to $2.4 billion in consumer loans, a move that aligns with Pagaya’s strategy to fund loan originations efficiently. This development was accompanied by an upgrade from Citi analysts, who shifted Pagaya’s stock rating from Neutral to Buy and adjusted the price target to $14.50.
The company also made key corporate changes, including amendments to its Articles of Association and the appointment of Cory Vieira as Chief Accounting Officer. These changes were approved during the company’s Annual General Meeting of Shareholders and aim to enhance governance and align with shareholder interests.
On the other hand, UBS resumed coverage on Pagaya with a Neutral rating, citing the company’s potential for revenue growth but expressing caution due to uncertainties surrounding credit losses from risk retention assets. These are recent developments that highlight the company’s growth prospects and financial strategies.
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