Evangelos Perros Sells 14,356 Shares of Pagaya Technologies (NASDAQ:PGY) Stock

Key Points

• Pagaya Technologies CFO Evangelos Perros sold 14,356 shares on September 9 for a total of $536,053.04, reducing his ownership by 19.55%.
• The company's stock increased by 1.4% to reach $37.72, with a trading volume of approximately 2.55 million shares.
• Analysts' ratings for Pagaya Technologies have varied, with a consensus rating of "Moderate Buy" and a price target averaging $34.33.

Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) CFO Evangelos Perros sold 14,356 shares of the company's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $37.34, for a total transaction of $536,053.04. Following the transaction, the chief financial officer directly owned 59,079 shares in the company, valued at approximately $2,206,009.86. This trade represents a 19.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Evangelos Perros also recently made the following trade(s):

• On Friday, September 5th, Evangelos Perros sold 9,435 shares of Pagaya Technologies stock. The stock was sold at an average price of $38.84, for a total transaction of $366,455.40.
• On Wednesday, July 2nd, Evangelos Perros sold 12,755 shares of Pagaya Technologies stock. The stock was sold at an average price of $22.57, for a total transaction of $287,880.35.
• On Thursday, June 12th, Evangelos Perros sold 11,768 shares of Pagaya Technologies stock. The stock was sold at an average price of $17.90, for a total transaction of $210,647.20.

Pagaya Technologies Price Performance

Shares of NASDAQ:PGY traded up $1.53 on Friday, reaching $39.66. 3,690,940 shares of the company were exchanged, compared to its average volume of 3,195,259. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.85. Pagaya Technologies Ltd. has a 1-year low of $8.20 and a 1-year high of $41.48. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of -10.36 and a beta of 5.96. The company has a 50-day moving average of $31.61 and a 200-day moving average of $19.94.

Institutional Investors Weigh In On Pagaya Technologies

Hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Pagaya Technologies by 9.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,361 shares of the company's stock worth $130,000 after purchasing an additional 1,094 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Pagaya Technologies by 20.5% during the 1st quarter. Invesco Ltd. now owns 57,875 shares of the company's stock worth $607,000 after purchasing an additional 9,845 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Pagaya Technologies by 1,249.2% during the 4th quarter. BNP Paribas Financial Markets now owns 131,637 shares of the company's stock worth $1,223,000 after purchasing an additional 121,880 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Pagaya Technologies by 9.7% during the 4th quarter. Bank of America Corp DE now owns 144,097 shares of the company's stock worth $1,339,000 after purchasing an additional 12,760 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of 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 purchasing an additional 4,345 shares during the last quarter. 57.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PGY has been the topic of several recent research reports. Wall Street Zen lowered shares of Pagaya Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 30th. Oppenheimer boosted their price objective on shares of Pagaya Technologies from $16.00 to $25.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. JMP Securities boosted their price objective on shares of Pagaya Technologies from $26.00 to $35.00 and gave the stock a "market outperform" rating in a research report on Monday, August 11th. B. Riley boosted their price objective on shares of Pagaya Technologies from $46.00 to $54.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Finally, Canaccord Genuity Group boosted their price objective on shares of Pagaya Technologies from $28.00 to $36.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $34.33.

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.