Pagaya Technologies (NASDAQ:PGY) President Sells $144,446.60 in Stock

Key Points

• Sanjiv Das, President of Pagaya Technologies, sold 4,783 shares of stock for $144,446.60, reducing his ownership by 4.54% to 100,640 shares.
• Pagaya Technologies stock has fallen 5.4% recently, closing at $29.40, with a market cap of $2.25 billion and a PE ratio of -7.68.
• Research analysts have mixed opinions on Pagaya Technologies, with eight analysts rating the stock as a Buy and a consensus price target of $34.33.

Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) President Sanjiv Das sold 4,783 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $30.20, for a total value of $144,446.60. Following the sale, the president directly owned 100,640 shares in the company, valued at approximately $3,039,328. The trade was a 4.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, September 15th, Sanjiv Das sold 13,304 shares of Pagaya Technologies stock. The stock was sold at an average price of $40.62, for a total value of $540,408.48.
• On Thursday, July 17th, Sanjiv Das sold 12,742 shares of Pagaya Technologies stock. The shares were sold at an average price of $25.95, for a total transaction of $330,654.90.

Pagaya Technologies Stock Down 5.4%

Shares of Pagaya Technologies stock traded down $1.67 on Friday, hitting $29.40. 7,390,819 shares of the company traded hands, compared to its average volume of 2,940,100. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.85. Pagaya Technologies Ltd. has a 12-month low of $8.20 and a 12-month high of $44.99. The company has a 50-day moving average price of $34.47 and a 200 day moving average price of $22.39. The company has a market cap of $2.25 billion, a PE ratio of -7.68 and a beta of 5.86.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Weiss Ratings reiterated a "sell (e+)" rating on shares of Pagaya Technologies in a research note on Saturday, September 27th. Citigroup upped their price target on Pagaya Technologies from $16.50 to $40.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Keefe, Bruyette & Woods boosted their target price on Pagaya Technologies from $27.00 to $38.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. JMP Securities raised their target price on shares of Pagaya Technologies from $26.00 to $35.00 and gave the stock a "market outperform" rating in a report on Monday, August 11th. Finally, Wall Street Zen lowered shares of Pagaya Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 30th. Eight analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $34.33.

Hedge Funds Weigh In On Pagaya Technologies

A number of large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its holdings in Pagaya Technologies by 177.8% during the second quarter. Tower Research Capital LLC TRC now owns 6,561 shares of the company's stock worth $140,000 after purchasing an additional 4,199 shares during the last quarter. Voleon Capital Management LP purchased a new position in Pagaya Technologies during the 2nd quarter valued at about $353,000. HRT Financial LP lifted its stake in Pagaya Technologies by 142.6% in the 2nd quarter. HRT Financial LP now owns 223,164 shares of the company's stock worth $4,757,000 after purchasing an additional 131,173 shares in the last quarter. G2 Investment Partners Management LLC bought a new stake in shares of Pagaya Technologies during the 2nd quarter valued at about $5,403,000. Finally, Engineers Gate Manager LP grew its position in Pagaya Technologies by 405.7% in the second quarter. Engineers Gate Manager LP now owns 158,800 shares of the company's stock worth $3,386,000 after acquiring an additional 127,399 shares in the last quarter. 57.14% of the stock is currently owned by institutional investors.

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.

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