Pagaya Technologies Ltd. (NASDAQ:PGY) CTO Sells $90,383.00 in Stock

Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) CTO Avital Pardo sold 4,757 shares of the stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $19.00, for a total value of $90,383.00. Following the transaction, the chief technology officer now directly owns 1,105,463 shares of the company's stock, valued at approximately $21,003,797. The trade was a 0.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, June 20th, Avital Pardo sold 8,259 shares of Pagaya Technologies stock. The stock was sold at an average price of $19.04, for a total value of $157,251.36.
• 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 value 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 transaction 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 transaction of $3,604,259.68.

Pagaya Technologies Trading Up 1.5%

Shares of Pagaya Technologies stock traded up $0.27 during trading on Monday, hitting $18.74. The stock had a trading volume of 1,585,760 shares, compared to its average volume of 1,972,498. 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 firm's fifty day simple moving average is $14.36 and its 200-day simple moving average is $11.92. The stock has a market cap of $1.42 billion, a PE ratio of 30.78 and a beta of 5.94.

Hedge Funds Weigh In On Pagaya Technologies

Hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. increased its stake in Pagaya Technologies by 1.8% in the fourth quarter. Invesco Ltd. now owns 48,030 shares of the company's stock worth $446,000 after purchasing an additional 864 shares during the period. Arizona State Retirement System boosted its stake in shares of Pagaya Technologies by 10.9% during the fourth quarter. Arizona State Retirement System now owns 11,154 shares of the company's stock valued at $104,000 after purchasing an additional 1,092 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Pagaya Technologies by 9.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,361 shares of the company's stock worth $130,000 after purchasing an additional 1,094 shares during the last quarter. Swiss National Bank increased its stake in Pagaya Technologies by 1.7% in the 1st quarter. Swiss National Bank now owns 76,883 shares of the company's stock worth $806,000 after buying an additional 1,300 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its holdings in Pagaya Technologies by 15.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 11,177 shares of the company's stock valued at $101,000 after buying an additional 1,532 shares in the last quarter. 57.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PGY has been the subject of a number of recent research reports. Benchmark reissued a "buy" rating and issued a $25.00 price objective on shares of Pagaya Technologies in a research note on Monday, March 17th. B. Riley reaffirmed a "buy" rating and issued a $36.00 price target on shares of Pagaya Technologies in a report on Monday, March 17th. Finally, Stephens began coverage on Pagaya Technologies in a research note on Thursday, June 12th. They set an "overweight" rating and a $22.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $20.50.

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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