Avital Pardo Sells 54,254 Shares of Pagaya Technologies Ltd. (NASDAQ:PGY) Stock

Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) CTO Avital Pardo sold 54,254 shares of the business's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $20.24, for a total transaction of $1,098,100.96. Following the completion of the sale, the chief technology officer now owns 1,042,950 shares in the company, valued at approximately $21,109,308. The trade was a 4.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, June 24th, Avital Pardo sold 239,989 shares of Pagaya Technologies stock. The stock was sold at an average price of $19.65, for a total value of $4,715,783.85.
• On Friday, June 20th, Avital Pardo sold 8,259 shares of Pagaya Technologies stock. The stock was sold at an average price of $19.04, for a total value of $157,251.36.
• On Wednesday, June 18th, Avital Pardo sold 4,757 shares of Pagaya Technologies stock. The shares were sold at an average price of $19.00, for a total value of $90,383.00.
• 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 Thursday, June 12th, Avital Pardo sold 48,913 shares of Pagaya Technologies stock. The stock was sold at an average price of $19.05, for a total value of $931,792.65.
• 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 Trading Down 3.9%

PGY stock traded down $0.78 during mid-day trading on Wednesday, reaching $19.18. 2,019,328 shares of the stock traded hands, compared to its average volume of 1,980,398. Pagaya Technologies Ltd. has a one year low of $8.20 and a one year high of $20.90. The stock has a market capitalization of $1.45 billion, a PE ratio of -3.78 and a beta of 5.94. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.79 and a current ratio of 1.79. The business has a 50-day moving average price of $14.74 and a two-hundred day moving average price of $12.04.

Analyst Ratings Changes

Several brokerages recently weighed in on PGY. Benchmark restated a "buy" rating and issued a $25.00 price target on shares of Pagaya Technologies in a research report on Monday, March 17th. Stephens began coverage on shares of Pagaya Technologies in a report on Thursday, June 12th. They issued an "overweight" rating and a $22.00 target price on the stock. B. Riley restated a "buy" rating and set a $36.00 target price on shares of Pagaya Technologies in a research report on Monday, March 17th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $26.00 price target on shares of Pagaya Technologies in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Pagaya Technologies has a consensus rating of "Moderate Buy" and an average target price of $20.50.

Hedge Funds Weigh In On Pagaya Technologies

Several hedge funds have recently added to or reduced their stakes in PGY. IFP Advisors Inc lifted its stake in Pagaya Technologies by 80.7% in the fourth quarter. IFP Advisors Inc now owns 13,265 shares of the company's stock worth $123,000 after purchasing an additional 5,925 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Pagaya Technologies by 1,249.2% in the fourth quarter. BNP Paribas Financial Markets now owns 131,637 shares of the company's stock worth $1,223,000 after buying an additional 121,880 shares during the period. Barclays PLC bought a new stake in shares of Pagaya Technologies during the 4th quarter worth approximately $595,000. Rhumbline Advisers lifted its stake in shares of Pagaya Technologies by 14.7% during the 4th quarter. Rhumbline Advisers now owns 75,620 shares of the company's stock worth $703,000 after acquiring an additional 9,674 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in Pagaya Technologies by 9.7% during the 4th quarter. Bank of America Corp DE now owns 144,097 shares of the company's stock valued at $1,339,000 after acquiring an additional 12,760 shares during the period. 57.14% of the stock is currently owned by institutional investors.

Pagaya Technologies Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.