Trade Alert: Chief Financial Officer Of Pagaya Technologies Evangelos Perros Has Sold Stock

We wouldn't blame Pagaya Technologies Ltd. (NASDAQ:PGY) shareholders if they were a little worried about the fact that Evangelos Perros, the Chief Financial Officer recently netted about US$902k selling shares at an average price of US$37.93. That's a big disposal, and it decreased their holding size by 29%, which is notable but not too bad.

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Pagaya Technologies Insider Transactions Over The Last Year

Notably, that recent sale by Evangelos Perros is the biggest insider sale of Pagaya Technologies shares that we've seen in the last year. So it's clear an insider wanted to take some cash off the table, even below the current price of US$39.66. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. However, while insider selling is sometimes discouraging, it's only a weak signal. It is worth noting that this sale was only 29% of Evangelos Perros's holding.

In total, Pagaya Technologies insiders sold more than they bought over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

View 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.

Does Pagaya Technologies Boast High Insider Ownership?

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$471m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

What Might The Insider Transactions At Pagaya Technologies Tell Us?

Insiders sold Pagaya Technologies shares recently, but they didn't buy any. And our longer term analysis of insider transactions didn't bring confidence, either. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Pagaya Technologies. Case in point: We've spotted 2 warning signs for Pagaya Technologies you should be aware of.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.