Pagaya Technologies Ltd. (NASDAQ:PGY) CFO Evangelos Perros Sells 11,768 Shares

Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) CFO Evangelos Perros sold 11,768 shares of Pagaya Technologies stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $17.90, for a total transaction of $210,647.20. Following the completion of the transaction, the chief financial officer now owns 72,859 shares of the company's stock, valued at $1,304,176.10. This trade represents a 13.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Pagaya Technologies Stock Up 4.1%

Shares of Pagaya Technologies stock traded up $0.73 during trading on Monday, hitting $18.67. 2,244,571 shares of the stock were exchanged, compared to its average volume of 1,961,475. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.17 and a quick ratio of 1.17. The firm's 50-day moving average price is $13.45 and its 200 day moving average price is $11.64. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of -3.39 and a beta of 5.93. Pagaya Technologies Ltd. has a 12-month low of $8.20 and a 12-month high of $19.20.

Institutional Trading of Pagaya Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Frontier Capital Management Co. LLC acquired a new position in shares of Pagaya Technologies during the 4th quarter worth about $28,070,000. Millennium Management LLC boosted its holdings in Pagaya Technologies by 320.1% in the first quarter. Millennium Management LLC now owns 1,262,413 shares of the company's stock valued at $13,230,000 after purchasing an additional 961,944 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in 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 valued at $11,133,000 after purchasing an additional 886,539 shares in the last quarter. Two Sigma Investments LP increased its stake in Pagaya Technologies by 359.6% in the fourth quarter. Two Sigma Investments LP now owns 826,119 shares of the company's stock valued at $7,675,000 after purchasing an additional 646,357 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in Pagaya Technologies during the first quarter worth approximately $6,465,000. 57.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. B. Riley reissued a "buy" rating and issued a $36.00 price target on shares of Pagaya Technologies in a research report on Monday, March 17th. Benchmark reiterated a "buy" rating and issued a $25.00 price objective on shares of Pagaya Technologies in a research note on Monday, March 17th. Finally, Stephens initiated coverage on Pagaya Technologies in a research note on Thursday. They set an "overweight" rating and a $22.00 target price for the company. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.75.

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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