Pagaya Technologies Ltd. (NASDAQ:PGY) President Sells $107,974.88 in Stock

Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) President Sanjiv Das sold 4,784 shares of Pagaya Technologies stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $22.57, for a total value of $107,974.88. Following the completion of the transaction, the president directly owned 88,388 shares in the company, valued at approximately $1,994,917.16. This represents a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, June 12th, Sanjiv Das sold 13,551 shares of Pagaya Technologies stock. The stock was sold at an average price of $17.90, for a total transaction of $242,562.90.
• 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 transaction of $119,577.15.

Pagaya Technologies Stock Down 0.1%

Shares of NASDAQ:PGY traded down $0.03 during trading on Friday, reaching $22.15. 2,818,390 shares of the stock were exchanged, compared to its average volume of 2,023,513. Pagaya Technologies Ltd. has a 1-year low of $8.20 and a 1-year high of $23.45. The stock has a fifty day moving average of $16.57 and a two-hundred day moving average of $12.66. 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 has a market cap of $1.68 billion, a price-to-earnings ratio of -4.37 and a beta of 5.93.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PGY. B. Riley reiterated a "buy" rating and set a $36.00 price target on shares of Pagaya Technologies in a report on Monday, March 17th. JMP Securities reiterated a "market outperform" rating and issued a $26.00 target price on shares of Pagaya Technologies in a report on Tuesday, June 24th. Stephens began coverage on Pagaya Technologies in a research note on Thursday, June 12th. They issued an "overweight" rating and a $22.00 price target on the stock. Benchmark reaffirmed a "buy" rating and set a $25.00 price objective on shares of Pagaya Technologies in a research report on Monday, March 17th. Finally, Oppenheimer boosted their target price on shares of Pagaya Technologies from $16.00 to $25.00 and gave the company an "outperform" rating in a research report on Wednesday. Two 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 company currently has an average rating of "Moderate Buy" and a consensus target price of $21.94.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Virtus Advisers LLC acquired a new position in shares of Pagaya Technologies during the first quarter valued at about $35,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Pagaya Technologies in the 4th quarter worth about $43,000. GAMMA Investing LLC lifted its position in Pagaya Technologies by 5,431.3% in the 1st quarter. GAMMA Investing LLC now owns 4,425 shares of the company's stock valued at $46,000 after acquiring an additional 4,345 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Pagaya Technologies during the 4th quarter valued at about $67,000. Finally, Jefferies Financial Group Inc. bought a new stake in Pagaya Technologies during the 4th quarter worth approximately $93,000. Institutional investors and hedge funds own 57.14% of the company's stock.

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.