Insider Selling: Pagaya Technologies Ltd. (NASDAQ:PGY) CTO Sells 239,989 Shares of Stock

Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) CTO Avital Pardo sold 239,989 shares of Pagaya Technologies stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $19.65, for a total value of $4,715,783.85. Following the transaction, the chief technology officer now owns 802,961 shares in the company, valued at approximately $15,778,183.65. The trade was a 23.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, June 25th, Avital Pardo sold 54,254 shares of Pagaya Technologies stock. The stock was sold at an average price of $20.24, for a total value of $1,098,100.96.
• On Friday, June 20th, Avital Pardo sold 8,259 shares of Pagaya Technologies stock. The shares were sold at an average price of $19.04, for a total transaction of $157,251.36.
• On Wednesday, June 18th, Avital Pardo sold 4,757 shares of Pagaya Technologies stock. The stock was sold at an average price of $19.00, for a total transaction 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 transaction of $93,890.39.
• On Thursday, June 12th, Avital Pardo sold 48,913 shares of Pagaya Technologies stock. The shares were sold at an average price of $19.05, for a total transaction of $931,792.65.
• 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 Down 3.9%

Shares of NASDAQ PGY traded down $0.78 during midday trading on Wednesday, hitting $19.18. The company's stock had a trading volume of 2,019,328 shares, compared to its average volume of 1,980,398. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.79 and a quick ratio of 1.79. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of -3.78 and a beta of 5.94. The business's fifty day simple moving average is $14.74 and its two-hundred day simple moving average is $12.04. Pagaya Technologies Ltd. has a 1 year low of $8.20 and a 1 year high of $20.90.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Pagaya Technologies

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

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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