Pagaya Technologies Ltd. (NASDAQ:PGY) President Sells $330,654.90 in Stock

Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) President Sanjiv Das sold 12,742 shares of the business's stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $25.95, for a total transaction of $330,654.90. Following the transaction, the president owned 98,562 shares of the company's stock, valued at approximately $2,557,683.90. This trade represents a 11.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, July 2nd, Sanjiv Das sold 4,784 shares of Pagaya Technologies stock. The stock was sold at an average price of $22.57, for a total transaction of $107,974.88.
• 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.

Pagaya Technologies Stock Up 25.4%

NASDAQ PGY traded up $5.97 on Thursday, hitting $29.50. 9,578,264 shares of the stock were exchanged, compared to its average volume of 2,088,281. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.82. Pagaya Technologies Ltd. has a fifty-two week low of $8.20 and a fifty-two week high of $29.83. The company has a market cap of $2.23 billion, a PE ratio of -5.82 and a beta of 5.93. The company has a 50-day moving average price of $18.45 and a 200-day moving average price of $13.42.

Analyst Ratings Changes

A number of research firms have recently weighed in on PGY. Stephens began coverage on shares of Pagaya Technologies in a research note on Thursday, June 12th. They issued an "overweight" rating and a $22.00 price objective on the stock. Wall Street Zen lowered shares of Pagaya Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Oppenheimer raised their price target on shares of Pagaya Technologies from $16.00 to $25.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. JMP Securities reaffirmed a "market outperform" rating and set a $26.00 target price on shares of Pagaya Technologies in a research note on Tuesday, June 24th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Pagaya Technologies from $23.00 to $27.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Pagaya Technologies has an average rating of "Moderate Buy" and a consensus target price of $22.45.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PGY. Swiss National Bank lifted its position in shares of Pagaya Technologies by 8.9% during the 4th quarter. Swiss National Bank now owns 75,583 shares of the company's stock worth $702,000 after buying an additional 6,200 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Pagaya Technologies by 21.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 22,828 shares of the company's stock worth $212,000 after buying an additional 3,965 shares during the last quarter. Quantbot Technologies LP lifted its position in shares of Pagaya Technologies by 20.6% during the 4th quarter. Quantbot Technologies LP now owns 89,796 shares of the company's stock worth $834,000 after buying an additional 15,358 shares during the last quarter. American Century Companies Inc. purchased a new stake in shares of Pagaya Technologies during the 4th quarter worth approximately $382,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Pagaya Technologies during the 4th quarter worth approximately $67,000. 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.

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