Pagaya Technologies Ltd. (NASDAQ:PGY) President Sells $63,239.71 in Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) President Sanjiv Das sold 6,343 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $9.97, for a total value of $63,239.71. Following the transaction, the president now directly owns 75,528 shares in the company, valued at $753,014.16. The trade was a 7.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, October 17th, Sanjiv Das sold 10,683 shares of Pagaya Technologies stock. The stock was sold at an average price of $11.77, for a total transaction of $125,738.91.

Pagaya Technologies Price Performance

Shares of NASDAQ PGY opened at $10.41 on Monday. Pagaya Technologies Ltd. has a fifty-two week low of $8.20 and a fifty-two week high of $20.00. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $766.76 million, a PE ratio of -4.10 and a beta of 6.11. The business has a 50-day simple moving average of $10.38 and a two-hundred day simple moving average of $11.84.

Wall Street Analyst Weigh In

PGY has been the subject of several research reports. Benchmark reaffirmed a “buy” rating and issued a $21.00 price target on shares of Pagaya Technologies in a research report on Wednesday, October 16th. B. Riley lowered their target price on Pagaya Technologies from $48.00 to $36.00 and set a “buy” rating for the company in a report on Monday, September 30th. Canaccord Genuity Group cut their price target on Pagaya Technologies from $32.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Oppenheimer assumed coverage on Pagaya Technologies in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $12.00 price target for the company. Finally, UBS Group started coverage on Pagaya Technologies in a research report on Friday, December 20th. They set a “neutral” rating and a $11.00 price objective on the stock. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Pagaya Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.

Institutional Investors Weigh In On Pagaya Technologies

A number of institutional investors and hedge funds have recently modified their holdings of PGY. BNP Paribas Financial Markets grew its position in Pagaya Technologies by 48.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,757 shares of the company’s stock worth $103,000 after purchasing an additional 3,181 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Pagaya Technologies during the second quarter worth about $166,000. The Manufacturers Life Insurance Company raised its position in Pagaya Technologies by 13.2% during the third quarter. The Manufacturers Life Insurance Company now owns 16,614 shares of the company’s stock valued at $176,000 after acquiring an additional 1,937 shares in the last quarter. Intech Investment Management LLC acquired a new position in Pagaya Technologies in the third quarter valued at approximately $191,000. Finally, Virtu Financial LLC purchased a new stake in Pagaya Technologies in the 3rd quarter worth approximately $223,000. Institutional investors and hedge funds own 57.14% of the company’s stock.

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.