Evangelos Perros Sells 9,435 Shares of Pagaya Technologies (NASDAQ:PGY) Stock

Key Points

• Evangelos Perros, CFO of Pagaya Technologies, sold 9,435 shares of stock valued at approximately $366,455 on September 5th, reducing his ownership stake by 11.39% to 73,435 shares.
• Pagaya Technologies' stock price recently traded at $37.72, with a 52-week range between $8.20 and $41.48, and a market capitalization of $2.89 billion.
• Analysts have shown strong confidence in Pagaya Technologies, with several raising their price targets, resulting in an average rating of "Moderate Buy" and a consensus price target of $34.33.

Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) CFO Evangelos Perros sold 9,435 shares of the business's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $38.84, for a total transaction of $366,455.40. Following the transaction, the chief financial officer owned 73,435 shares in the company, valued at approximately $2,852,215.40. The trade was a 11.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Evangelos Perros also recently made the following trade(s):

• On Tuesday, September 9th, Evangelos Perros sold 14,356 shares of Pagaya Technologies stock. The stock was sold at an average price of $37.34, for a total transaction of $536,053.04.
• On Wednesday, July 2nd, Evangelos Perros sold 12,755 shares of Pagaya Technologies stock. The stock was sold at an average price of $22.57, for a total transaction of $287,880.35.
• On Thursday, June 12th, Evangelos Perros sold 11,768 shares of Pagaya Technologies stock. The stock was sold at an average price of $17.90, for a total transaction of $210,647.20.

Pagaya Technologies Price Performance

NASDAQ:PGY traded up $0.51 during mid-day trading on Tuesday, hitting $37.72. The company's stock had a trading volume of 2,552,448 shares, compared to its average volume of 2,705,284. Pagaya Technologies Ltd. has a fifty-two week low of $8.20 and a fifty-two week high of $41.48. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of -9.85 and a beta of 5.96. The stock has a fifty day moving average of $30.34 and a 200-day moving average of $19.29.

Hedge Funds Weigh In On Pagaya Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its stake in Pagaya Technologies by 9.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,361 shares of the company's stock valued at $130,000 after acquiring an additional 1,094 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Pagaya Technologies by 1,249.2% in the fourth quarter. BNP Paribas Financial Markets now owns 131,637 shares of the company's stock valued at $1,223,000 after acquiring an additional 121,880 shares during the last quarter. Bank of America Corp DE boosted its stake in Pagaya Technologies by 9.7% in the fourth 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 last quarter. GAMMA Investing LLC boosted its stake in Pagaya Technologies by 5,431.3% in the first quarter. GAMMA Investing LLC now owns 4,425 shares of the company's stock valued at $46,000 after acquiring an additional 4,345 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Pagaya Technologies by 446.1% in the first quarter. Bank of New York Mellon Corp now owns 482,018 shares of the company's stock valued at $5,052,000 after acquiring an additional 393,752 shares during the last quarter. 57.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Citigroup upped their price objective on shares of Pagaya Technologies from $16.50 to $40.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Oppenheimer raised their price objective on shares of Pagaya Technologies from $16.00 to $25.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Keefe, Bruyette & Woods raised their price target on shares of Pagaya Technologies from $27.00 to $38.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Benchmark raised their price target on shares of Pagaya Technologies from $42.00 to $48.00 and gave the company a "buy" rating in a report on Friday, August 8th. Finally, Wall Street Zen lowered shares of Pagaya Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 30th. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Pagaya Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $34.33.

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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