Pagaya Technologies Ltd. (NASDAQ:PGY) CFO Sells $287,880.35 in Stock

Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) CFO Evangelos Perros sold 12,755 shares of Pagaya Technologies stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $22.57, for a total transaction of $287,880.35. Following the completion of the sale, the chief financial officer directly owned 82,870 shares of the company's stock, valued at approximately $1,870,375.90. This trade represents a 13.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• 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 down $0.03 during midday trading on Friday, hitting $22.15. The company had a trading volume of 2,818,390 shares, compared to its average volume of 2,028,765. The company has a market capitalization of $1.68 billion, a PE ratio of -4.37 and a beta of 5.93. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.82. Pagaya Technologies Ltd. has a 52-week low of $8.20 and a 52-week high of $23.45. The stock's fifty day moving average price is $16.57 and its 200-day moving average price is $12.68.

Institutional Trading of Pagaya Technologies

Hedge funds have recently bought and sold shares of the company. Frontier Capital Management Co. LLC purchased a new position in Pagaya Technologies in the 4th quarter worth $28,070,000. Goldman Sachs Group Inc. boosted its position in Pagaya Technologies by 26.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,705,245 shares of the company's stock valued at $17,871,000 after buying an additional 359,099 shares during the period. Millennium Management LLC grew its stake in shares of Pagaya Technologies by 320.1% during the first quarter. Millennium Management LLC now owns 1,262,413 shares of the company's stock valued at $13,230,000 after buying an additional 961,944 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Pagaya Technologies by 284.3% in the fourth quarter. Point72 Asset Management L.P. now owns 1,198,398 shares of the company's stock worth $11,133,000 after buying an additional 886,539 shares during the period. Finally, Two Sigma Investments LP increased its holdings in shares of Pagaya Technologies by 359.6% in the fourth quarter. Two Sigma Investments LP now owns 826,119 shares of the company's stock worth $7,675,000 after buying an additional 646,357 shares during the period. Institutional investors own 57.14% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on PGY shares. Benchmark reiterated a "buy" rating and set a $25.00 price target on shares of Pagaya Technologies in a report on Monday, March 17th. Wall Street Zen downgraded shares of Pagaya Technologies from a "buy" rating to a "hold" rating in a report on Saturday. JMP Securities reissued a "market outperform" rating and set a $26.00 price target on shares of Pagaya Technologies in a research report on Tuesday, June 24th. Oppenheimer boosted their price target on shares of Pagaya Technologies from $16.00 to $25.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, Stephens started coverage on shares of Pagaya Technologies in a research note on Thursday, June 12th. They issued an "overweight" rating and a $22.00 price objective for the company. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $21.94.

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.