Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) CTO Avital Pardo sold 8,259 shares of the business's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $19.04, for a total value of $157,251.36. Following the completion of the sale, the chief technology officer now owns 1,097,204 shares of the company's stock, valued at $20,890,764.16. The trade was a 0.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Avital Pardo also recently made the following trade(s):
- 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 transaction of $3,604,259.68.
Pagaya Technologies Trading Up 1.5%
NASDAQ PGY traded up $0.27 during trading on Monday, hitting $18.74. The company had a trading volume of 1,585,760 shares, compared to its average volume of 1,972,498. The company's fifty day moving average is $14.36 and its 200-day moving average is $11.92. Pagaya Technologies Ltd. has a one year low of $8.20 and a one year high of $19.20. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.82. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 30.78 and a beta of 5.94.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the stock. Benchmark reaffirmed a "buy" rating and set a $25.00 price objective on shares of Pagaya Technologies in a research note on Monday, March 17th. B. Riley restated a "buy" rating and set a $36.00 price target on shares of Pagaya Technologies in a report on Monday, March 17th. Finally, Stephens initiated coverage on Pagaya Technologies in a research report on Thursday, June 12th. They set an "overweight" rating and a $22.00 price target for the company. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.50.
Get Our Latest Stock Report on Pagaya Technologies
Hedge Funds Weigh In On Pagaya Technologies
Several hedge funds and other institutional investors have recently modified their holdings of PGY. Frontier Capital Management Co. LLC bought a new stake in shares of Pagaya Technologies during the fourth quarter valued at approximately $28,070,000. Millennium Management LLC lifted its position in 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 period. Point72 Asset Management L.P. boosted its holdings in shares of Pagaya Technologies by 284.3% during the 4th quarter. Point72 Asset Management L.P. now owns 1,198,398 shares of the company's stock valued at $11,133,000 after buying an additional 886,539 shares in the last quarter. Two Sigma Investments LP boosted its holdings in shares of Pagaya Technologies by 359.6% during the 4th quarter. Two Sigma Investments LP now owns 826,119 shares of the company's stock valued at $7,675,000 after buying an additional 646,357 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Pagaya Technologies in the 1st quarter worth about $6,465,000. Hedge funds and other institutional investors own 57.14% of the company's stock.
About Pagaya Technologies
(
Get Free Report)
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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