Have Pagaya Technologies Insiders Been Selling Stock?

We'd be surprised if Pagaya Technologies Ltd. (NASDAQ:PGY) shareholders haven't noticed that the Co-Founder & President, Sanjiv Das, recently sold US$449k worth of stock at US$37.00 per share. That sale was 12% of their holding, so it does make us raise an eyebrow.

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Pagaya Technologies Insider Transactions Over The Last Year

Notably, that recent sale by Co-Founder & President Sanjiv Das was not the only time they sold Pagaya Technologies shares this year. They previously made an even bigger sale of -US$538k worth of shares at a price of US$17.15 per share. That means that an insider was selling shares at slightly below the current price (US$36.88). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was only 30% of Sanjiv Das's holding.

Over the last year we saw more insider selling of Pagaya Technologies shares, than buying. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Check out our latest analysis for Pagaya Technologies

I will like Pagaya Technologies better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership Of Pagaya Technologies

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Pagaya Technologies insiders own 16% of the company, worth about US$468m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About Pagaya Technologies Insiders?

An insider sold stock recently, but they haven't been buying. Despite some insider buying, the longer term picture doesn't make us feel much more positive. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. To assist with this, we've discovered 2 warning signs that you should run your eye over to get a better picture of Pagaya Technologies.

Of course Pagaya Technologies may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.