Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) CTO Avital Pardo sold 48,913 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $19.05, for a total transaction of $931,792.65. Following the transaction, the chief technology officer now directly owns 1,115,159 shares of the company's stock, valued at $21,243,778.95. This represents a 4.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Avital Pardo also recently made the following trade(s):
- On Monday, June 16th, Avital Pardo sold 4,939 shares of Pagaya Technologies stock. The stock was sold at an average price of $19.01, for a total value of $93,890.39.
- On Monday, May 12th, Avital Pardo sold 237,748 shares of Pagaya Technologies stock. The shares were sold at an average price of $15.16, for a total value of $3,604,259.68.
Pagaya Technologies Stock Performance
NASDAQ:PGY traded up $0.50 during mid-day trading on Thursday, reaching $18.85. The company's stock had a trading volume of 1,406,417 shares, compared to its average volume of 1,967,509. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.82. The stock has a market cap of $1.43 billion, a P/E ratio of -3.72 and a beta of 5.93. The firm's fifty day moving average price is $13.99 and its two-hundred day moving average price is $11.79. Pagaya Technologies Ltd. has a 12-month low of $8.20 and a 12-month high of $19.20.
Institutional Trading of Pagaya Technologies
A number of large investors have recently made changes to their positions in the stock. Invesco Ltd. lifted its position in Pagaya Technologies by 1.8% during the fourth quarter. Invesco Ltd. now owns 48,030 shares of the company's stock valued at $446,000 after purchasing an additional 864 shares during the period. Arizona State Retirement System raised its stake in Pagaya Technologies by 10.9% during the 4th quarter. Arizona State Retirement System now owns 11,154 shares of the company's stock valued at $104,000 after buying an additional 1,092 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Pagaya Technologies by 9.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,361 shares of the company's stock valued at $130,000 after buying an additional 1,094 shares during the period. Swiss National Bank lifted its holdings in shares of Pagaya Technologies by 1.7% during the 1st quarter. Swiss National Bank now owns 76,883 shares of the company's stock valued at $806,000 after buying an additional 1,300 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of Pagaya Technologies by 15.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 11,177 shares of the company's stock worth $101,000 after buying an additional 1,532 shares during the last quarter. 57.14% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on PGY. Benchmark reiterated a "buy" rating and issued a $25.00 price target on shares of Pagaya Technologies in a research note on Monday, March 17th. Stephens assumed coverage on shares of Pagaya Technologies in a report on Thursday, June 12th. They issued an "overweight" rating and a $22.00 target price for the company. Finally, B. Riley reiterated a "buy" rating and set a $36.00 price target on shares of Pagaya Technologies in a report on Monday, March 17th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $20.50.
Check Out Our Latest Stock Analysis on Pagaya Technologies
About Pagaya Technologies
(
Get Free Report)
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.
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