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Insider Selling: Pagaya Technologies Ltd. (NASDAQ:PGY) CTO Sells 8,259 Shares of Stock

Pagaya Technologies logo with Finance background

Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) CTO Avital Pardo sold 8,259 shares of the business's stock in a transaction dated 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 transaction, the chief technology officer now directly owns 1,097,204 shares of the company's stock, valued at approximately $20,890,764.16. The trade was a 0.75% decrease in their ownership of the stock. 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 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 Tuesday, June 24th, Avital Pardo sold 239,989 shares of Pagaya Technologies stock. The shares were sold at an average price of $19.65, for a total value of $4,715,783.85.
  • 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 stock was 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 stock was 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 shares were sold at an average price of $15.16, for a total value of $3,604,259.68.

Pagaya Technologies Stock Performance

PGY stock traded up $0.33 during trading hours on Thursday, reaching $19.51. The stock had a trading volume of 1,949,727 shares, compared to its average volume of 1,990,181. The stock has a 50-day simple moving average of $14.94 and a 200 day simple moving average of $12.09. Pagaya Technologies Ltd. has a fifty-two week low of $8.20 and a fifty-two week high of $20.60. The stock has a market capitalization of $1.48 billion, a PE ratio of -3.85 and a beta of 5.93. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.79 and a quick ratio of 1.79.

Institutional Investors Weigh In On Pagaya Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. Voya Investment Management LLC grew its holdings in Pagaya Technologies by 24.1% during the first quarter. Voya Investment Management LLC now owns 29,452 shares of the company's stock worth $309,000 after purchasing an additional 5,723 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Pagaya Technologies by 26.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,705,245 shares of the company's stock valued at $17,871,000 after buying an additional 359,099 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Pagaya Technologies by 320.1% during the 1st quarter. Millennium Management LLC now owns 1,262,413 shares of the company's stock worth $13,230,000 after acquiring an additional 961,944 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Pagaya Technologies by 11.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,288 shares of the company's stock worth $653,000 after acquiring an additional 6,365 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Pagaya Technologies by 2,722.3% during the 1st quarter. AQR Capital Management LLC now owns 305,710 shares of the company's stock worth $3,204,000 after acquiring an additional 294,878 shares during the last quarter. 57.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PGY shares. JMP Securities reaffirmed a "market outperform" rating and set a $26.00 price target on shares of Pagaya Technologies in a research note on Tuesday. Benchmark reiterated a "buy" rating and issued a $25.00 price target 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 objective on shares of Pagaya Technologies in a research note 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 price objective for the company. 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 company presently has an average rating of "Moderate Buy" and a consensus price target of $20.50.

Read Our Latest Analysis on Pagaya Technologies

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.

Further Reading

Insider Buying and Selling by Quarter for Pagaya Technologies (NASDAQ:PGY)

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