Pagaya Technologies Ltd. (NASDAQ:PGY) CTO Avital Pardo Sells 4,757 Shares

Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) CTO Avital Pardo sold 4,757 shares of Pagaya Technologies stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $19.00, for a total transaction of $90,383.00. Following the sale, the chief technology officer now directly owns 1,105,463 shares of the company's stock, valued at $21,003,797. This represents a 0.43% decrease in their position. The transaction was disclosed in a filing 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 shares were sold at an average price of $20.24, for a total transaction 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 transaction of $4,715,783.85.
• 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 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 shares were sold at an average price of $15.16, for a total value of $3,604,259.68.

Pagaya Technologies Stock Up 1.7%

Shares of Pagaya Technologies stock traded up $0.33 during trading on Thursday, reaching $19.51. The company's stock had a trading volume of 1,949,727 shares, compared to its average volume of 1,990,181. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.82. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -3.85 and a beta of 5.93. Pagaya Technologies Ltd. has a 1-year low of $8.20 and a 1-year high of $20.60. The company has a 50-day simple moving average of $14.94 and a two-hundred day simple moving average of $12.09.

Institutional Trading of Pagaya Technologies

A number of institutional investors have recently made changes to their positions in the business. Invesco Ltd. boosted its position in shares of Pagaya Technologies by 1.8% in the 4th quarter. Invesco Ltd. now owns 48,030 shares of the company's stock worth $446,000 after purchasing an additional 864 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Pagaya Technologies by 10.9% in the 4th quarter. Arizona State Retirement System now owns 11,154 shares of the company's stock worth $104,000 after purchasing an additional 1,092 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Pagaya Technologies by 9.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,361 shares of the company's stock worth $130,000 after acquiring an additional 1,094 shares during the period. Swiss National Bank lifted its position in Pagaya Technologies by 1.7% during the 1st quarter. Swiss National Bank now owns 76,883 shares of the company's stock worth $806,000 after acquiring an additional 1,300 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its position 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 worth $101,000 after acquiring an additional 1,532 shares during the period. Institutional investors and hedge funds own 57.14% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. JMP Securities reaffirmed a "market outperform" rating and set a $26.00 target price on shares of Pagaya Technologies in a research report on Tuesday. Stephens assumed coverage on Pagaya Technologies in a research report on Thursday, June 12th. They set an "overweight" rating and a $22.00 target price on the stock. B. Riley reaffirmed a "buy" rating and set a $36.00 target price on shares of Pagaya Technologies in a research report on Monday, March 17th. Finally, Benchmark reaffirmed a "buy" rating and set a $25.00 target price on shares of Pagaya Technologies in a research report on Monday, March 17th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $20.50.

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.