Avital Pardo Sells 48,913 Shares of Pagaya Technologies Ltd. (NASDAQ:PGY) Stock

Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) CTO Avital Pardo sold 48,913 shares of the company's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $19.05, for a total transaction of $931,792.65. Following the completion of the sale, the chief technology officer now directly owns 1,115,159 shares of the company's stock, valued at $21,243,778.95. The trade was a 4.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Avital Pardo also recently made the following trade(s):

• On Monday, June 16th, Avital Pardo sold 4,939 shares of Pagaya Technologies stock. The shares were 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 stock was sold at an average price of $15.16, for a total value of $3,604,259.68.

Pagaya Technologies Stock Up 4.1%

Shares of PGY traded up $0.73 during trading hours on Monday, hitting $18.67. 2,244,571 shares of the company were exchanged, compared to its average volume of 1,961,475. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $1.41 billion, a PE ratio of -3.39 and a beta of 5.93. The firm's 50 day moving average is $13.45 and its 200-day moving average is $11.64. Pagaya Technologies Ltd. has a 52 week low of $8.20 and a 52 week high of $19.20.

Hedge Funds Weigh In On Pagaya Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtus Advisers LLC acquired a new stake in shares of Pagaya Technologies in the first quarter worth $35,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Pagaya Technologies in the 4th quarter valued at $43,000. GAMMA Investing LLC raised its holdings in Pagaya Technologies by 5,431.3% in the 1st quarter. GAMMA Investing LLC now owns 4,425 shares of the company's stock worth $46,000 after acquiring an additional 4,345 shares during the period. KLP Kapitalforvaltning AS bought a new position in Pagaya Technologies in the 4th quarter worth $67,000. Finally, Jefferies Financial Group Inc. acquired a new position in Pagaya Technologies during the 4th quarter worth $93,000. Institutional investors and hedge funds own 57.14% of the company's stock.

Analyst Ratings Changes

PGY has been the topic of a number of analyst reports. Benchmark reissued a "buy" rating and issued a $25.00 price target on shares of Pagaya Technologies in a research note on Monday, March 17th. B. Riley reissued a "buy" rating and set a $36.00 target price on shares of Pagaya Technologies in a research note on Monday, March 17th. Finally, Stephens started coverage on Pagaya Technologies in a report on Thursday. They set an "overweight" rating and a $22.00 price target for the company. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Pagaya Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $20.75.

About Pagaya Technologies

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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