Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) President Sanjiv Das sold 31,382 shares of Pagaya Technologies stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $17.15, for a total transaction of $538,201.30. Following the completion of the transaction, the president now owns 74,435 shares in the company, valued at approximately $1,276,560.25. This trade represents a 29.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Sanjiv Das also recently made the following trade(s):
- 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 Trading Down 5.7%
Shares of PGY traded down $1.01 during mid-day trading on Thursday, reaching $16.75. The company's stock had a trading volume of 2,670,359 shares, compared to its average volume of 1,923,207. The stock has a market cap of $1.27 billion, a PE ratio of -3.05 and a beta of 5.93. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.82. Pagaya Technologies Ltd. has a 52 week low of $8.20 and a 52 week high of $19.20. The company's fifty day moving average price is $12.36 and its two-hundred day moving average price is $11.22.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the stock. JMP Securities upped their price objective on shares of Pagaya Technologies from $25.00 to $26.00 and gave the company a "market outperform" rating in a research note on Friday, February 14th. B. Riley reaffirmed a "buy" rating and issued a $36.00 target price on shares of Pagaya Technologies in a research note on Monday, March 17th. Benchmark reissued a "buy" rating and set a $25.00 price target on shares of Pagaya Technologies in a research note on Monday, March 17th. Citigroup upgraded shares of Pagaya Technologies from a "neutral" rating to a "buy" rating and upped their price target for the company from $13.00 to $14.50 in a report on Friday, February 7th. Finally, Canaccord Genuity Group reissued a "buy" rating and issued a $25.00 price objective on shares of Pagaya Technologies in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Pagaya Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $20.61.
View Our Latest Stock Analysis on PGY
Institutional Trading of Pagaya Technologies
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Frontier Capital Management Co. LLC purchased a new position in shares of Pagaya Technologies in the 4th quarter worth about $28,070,000. Millennium Management LLC lifted its position in shares of Pagaya Technologies by 320.1% during the 1st 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. Point72 Asset Management L.P. lifted its holdings in Pagaya Technologies by 284.3% in the 4th quarter. Point72 Asset Management L.P. now owns 1,198,398 shares of the company's stock worth $11,133,000 after purchasing an additional 886,539 shares in the last quarter. Two Sigma Investments LP lifted its holdings in Pagaya Technologies by 359.6% in the 4th quarter. Two Sigma Investments LP now owns 826,119 shares of the company's stock worth $7,675,000 after purchasing an additional 646,357 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Pagaya Technologies in the 1st quarter worth approximately $6,465,000. Hedge funds and other institutional investors own 57.14% of the company's stock.
About Pagaya Technologies
(
Get Free Report)
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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