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

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 Pagaya Technologies stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $38.84, for a total value of $366,455.40. Following the completion of the sale, the chief financial officer owned 73,435 shares of the company's stock, valued at approximately $2,852,215.40. The trade was a 11.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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 value 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 value 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 value of $210,647.20.

Pagaya Technologies Trading Up 4.0%

PGY stock traded up $1.53 during mid-day trading on Friday, reaching $39.66. The company's stock had a trading volume of 3,690,940 shares, compared to its average volume of 3,195,259. The company has a market cap of $3.04 billion, a price-to-earnings ratio of -10.36 and a beta of 5.96. The business's 50 day moving average price is $31.61 and its 200 day moving average price is $19.94. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.85. Pagaya Technologies Ltd. has a 12 month low of $8.20 and a 12 month high of $41.48.

Institutional Investors Weigh In On Pagaya Technologies

Institutional investors have recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB bought a new stake in Pagaya Technologies during the second quarter worth $25,000. Caitong International Asset Management Co. Ltd grew its holdings in Pagaya Technologies by 35.8% during the second quarter. Caitong International Asset Management Co. Ltd now owns 1,973 shares of the company's stock worth $42,000 after buying an additional 520 shares in the last quarter. Virtus Advisers LLC bought a new stake in Pagaya Technologies during the first quarter worth $35,000. GAMMA Investing LLC grew its holdings in Pagaya Technologies by 5,431.3% during the first quarter. GAMMA Investing LLC now owns 4,425 shares of the company's stock worth $46,000 after buying an additional 4,345 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in Pagaya Technologies by 77.4% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,435 shares of the company's stock worth $95,000 after buying an additional 1,935 shares in the last quarter. Institutional investors own 57.14% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Stephens assumed coverage on Pagaya Technologies in a report on Thursday, June 12th. They set an "overweight" rating and a $22.00 price objective for the company. JMP Securities boosted their price objective on Pagaya Technologies from $26.00 to $35.00 and gave the company a "market outperform" rating in a report on Monday, August 11th. Benchmark boosted their price objective on Pagaya Technologies from $42.00 to $48.00 and gave the company a "buy" rating in a report on Friday, August 8th. Keefe, Bruyette & Woods boosted their price objective on Pagaya Technologies from $27.00 to $38.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Finally, Wall Street Zen downgraded Pagaya Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 30th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Pagaya Technologies presently has a consensus 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.