Insider Selling: Pagaya Technologies Ltd. (NASDAQ:PGY) President Sells 4,784 Shares of Stock

Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) President Sanjiv Das sold 4,784 shares of the company's stock in a transaction 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 transaction, the president owned 88,388 shares of the company's stock, valued at approximately $1,994,917.16. The trade was a 5.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 Price Performance

NASDAQ:PGY traded down $0.03 during mid-day trading on Friday, reaching $22.15. 2,818,390 shares of the stock were exchanged, compared to its average volume of 2,028,765. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.82. The business has a fifty day moving average price of $16.57 and a 200 day moving average price of $12.68. Pagaya Technologies Ltd. has a 1-year low of $8.20 and a 1-year high of $23.45. The firm has a market capitalization of $1.68 billion, a PE ratio of -4.37 and a beta of 5.93.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wall Street Zen cut Pagaya Technologies from a "buy" rating to a "hold" rating in a report on Saturday. Stephens began coverage on Pagaya Technologies in a research report on Thursday, June 12th. They issued an "overweight" rating and a $22.00 target price on the stock. Benchmark reiterated a "buy" rating and set a $25.00 price target on shares of Pagaya Technologies in a research report on Monday, March 17th. Oppenheimer increased their price target on Pagaya Technologies from $16.00 to $25.00 and gave the stock an "outperform" rating in a research note on Wednesday. Finally, JMP Securities reissued a "market outperform" rating and set a $26.00 price target on shares of Pagaya Technologies in a report on Tuesday, June 24th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Pagaya Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.94.

Hedge Funds Weigh In On Pagaya Technologies

Several hedge funds have recently made changes to their positions in the business. Voya Investment Management LLC lifted its stake in Pagaya Technologies by 24.1% during the first quarter. Voya Investment Management LLC now owns 29,452 shares of the company's stock valued at $309,000 after purchasing an additional 5,723 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings 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 in the last quarter. Millennium Management LLC increased its holdings in shares of Pagaya Technologies by 320.1% in the first quarter. Millennium Management LLC now owns 1,262,413 shares of the company's stock valued at $13,230,000 after buying an additional 961,944 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 valued at $653,000 after acquiring an additional 6,365 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake 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 in the last quarter. Institutional investors and hedge funds own 57.14% of the company's stock.

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.