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 Pagaya Technologies stock in a transaction on Monday, June 16th. The shares were sold at an average price of $19.01, for a total transaction of $93,890.39. Following the completion of the sale, the chief technology officer now owns 1,110,220 shares in the company, valued at approximately $21,105,282.20. This represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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 value of $3,604,259.68.

Pagaya Technologies Trading Up 4.1%

NASDAQ PGY traded up $0.73 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 quick ratio of 1.17 and a current ratio of 1.17. Pagaya Technologies Ltd. has a 52-week low of $8.20 and a 52-week high of $19.20. The firm has a market capitalization of $1.41 billion, a P/E ratio of -3.39 and a beta of 5.93. The stock has a fifty day moving average price of $13.45 and a two-hundred day moving average price of $11.64.

Institutional Investors Weigh In On Pagaya Technologies

Several institutional investors have recently made changes to their positions in PGY. Virtus Advisers LLC purchased a new position in shares of Pagaya Technologies during the 1st quarter worth about $35,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Pagaya Technologies in the fourth quarter worth about $43,000. GAMMA Investing LLC boosted its position in shares of Pagaya Technologies by 5,431.3% during the first quarter. GAMMA Investing LLC now owns 4,425 shares of the company's stock valued at $46,000 after buying an additional 4,345 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Pagaya Technologies during the fourth quarter valued at approximately $67,000. Finally, Jefferies Financial Group Inc. bought a new position in shares of Pagaya Technologies during the fourth quarter valued at approximately $93,000. Institutional investors own 57.14% of the company's stock.

Analysts Set New Price Targets

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