Pagaya Technologies Ltd. (NASDAQ:PGY) CTO Avital Pardo Sells 4,939 Shares

Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) CTO Avital Pardo sold 4,939 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $19.01, for a total value of $93,890.39. Following the sale, the chief technology officer now directly owns 1,110,220 shares in the company, valued at $21,105,282.20. This represents a 0.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• 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 value 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 transaction of $3,604,259.68.

Pagaya Technologies Stock Up 2.7%

Shares of NASDAQ:PGY traded up $0.50 during trading on Thursday, hitting $18.85. 1,406,417 shares of the company were exchanged, compared to its average volume of 1,967,509. The firm's 50 day moving average price is $13.99 and its 200-day moving average price is $11.79. Pagaya Technologies Ltd. has a 12-month low of $8.20 and a 12-month high of $19.20. 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 stock has a market capitalization of $1.43 billion, a P/E ratio of -3.72 and a beta of 5.93.

Analysts Set New Price Targets

PGY has been the subject of several analyst reports. Benchmark reiterated a "buy" rating and set a $25.00 price target on shares of Pagaya Technologies in a report on Monday, March 17th. B. Riley reaffirmed a "buy" rating and set a $36.00 price objective on shares of Pagaya Technologies in a research report on Monday, March 17th. Finally, Stephens initiated coverage on Pagaya Technologies in a report on Thursday, June 12th. They issued an "overweight" rating and a $22.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $20.50.

Institutional Investors Weigh In On Pagaya Technologies

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

Pagaya Technologies Company Profile

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.