Pagaya Technologies Ltd. (NASDAQ:PGY) President Sanjiv Das Sells 13,551 Shares

Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) President Sanjiv Das sold 13,551 shares of the company's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $17.90, for a total value of $242,562.90. Following the sale, the president now owns 84,634 shares in the company, valued at approximately $1,514,948.60. This represents a 13.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Sanjiv Das also recently made the following trade(s):

• On Tuesday, June 3rd, Sanjiv Das sold 31,382 shares of Pagaya Technologies stock. The shares were sold at an average price of $17.15, for a total transaction of $538,201.30.
• On Thursday, April 17th, Sanjiv Das sold 12,789 shares of Pagaya Technologies stock. The stock was sold at an average price of $9.35, for a total value of $119,577.15.

Pagaya Technologies Price Performance

NASDAQ PGY traded up $0.50 on Thursday, reaching $18.85. 1,406,417 shares of the company's stock traded hands, compared to its average volume of 1,967,509. The stock has a market cap of $1.43 billion, a PE ratio of -3.72 and a beta of 5.93. Pagaya Technologies Ltd. has a 12 month low of $8.20 and a 12 month high of $19.20. The stock has a 50-day simple moving average of $13.99 and a 200 day simple moving average of $11.79. 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 Trading of Pagaya Technologies

Several institutional investors have recently added to or reduced their stakes in PGY. Virtus Advisers LLC purchased a new position in shares of Pagaya Technologies in the first quarter worth about $35,000. Pilgrim Partners Asia Pte Ltd bought a new position in Pagaya Technologies during the 4th quarter worth approximately $43,000. GAMMA Investing LLC grew its position in Pagaya Technologies by 5,431.3% during the 1st quarter. GAMMA Investing LLC now owns 4,425 shares of the company's stock worth $46,000 after acquiring an additional 4,345 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Pagaya Technologies in the 4th quarter worth approximately $67,000. Finally, Jefferies Financial Group Inc. bought a new stake in Pagaya Technologies in the fourth quarter valued at approximately $93,000. 57.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on PGY shares. Benchmark reaffirmed a "buy" rating and issued a $25.00 price target on shares of Pagaya Technologies in a report on Monday, March 17th. Stephens initiated coverage on shares of Pagaya Technologies in a research report on Thursday, June 12th. They issued an "overweight" rating and a $22.00 price objective on the stock. Finally, B. Riley reiterated a "buy" rating and set a $36.00 target price 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 seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target 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.