Pagaya Technologies Ltd. (NASDAQ:PGY) CFO Evangelos Perros Sells 11,768 Shares

Pagaya Technologies Ltd. (NASDAQ:PGY) CFO Evangelos Perros sold 11,768 shares of the firm’s stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $17.90, for a total value of $210,647.20. Following the transaction, the chief financial officer now directly owns 72,859 shares in the company, valued at approximately $1,304,176.10. The trade was a 13.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Pagaya Technologies Price Performance

Pagaya Technologies stock traded up $0.73 during midday trading on Monday, reaching $18.67. The company’s stock had a trading volume of 2,244,571 shares, compared to its average volume of 1,961,475. The firm has a market capitalization of $1.41 billion, a PE ratio of -3.39 and a beta of 5.93. Pagaya Technologies Ltd. has a fifty-two week low of $8.20 and a fifty-two week high of $19.20. The stock’s 50 day simple moving average is $13.45 and its 200 day simple moving average is $11.64. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.17 and a current ratio of 1.17.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Stephens initiated coverage on Pagaya Technologies in a research report on Thursday. They issued an “overweight” rating and a $22.00 target price for the company. B. Riley reissued a “buy” rating and issued a $36.00 price objective on shares of Pagaya Technologies in a report on Monday, March 17th. Finally, Benchmark reaffirmed a “buy” rating and issued a $25.00 target price on shares of Pagaya Technologies in a report on Monday, March 17th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.75.

Hedge Funds Weigh In On Pagaya Technologies

A number of large investors have recently made changes to their positions in PGY. Virtus Advisers LLC purchased a new stake in Pagaya Technologies during the first quarter worth about $35,000. Pilgrim Partners Asia Pte Ltd purchased a new position in Pagaya Technologies in the fourth quarter valued at about $43,000. GAMMA Investing LLC lifted its position 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 valued at $46,000 after acquiring an additional 4,345 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Pagaya Technologies during the 4th quarter worth approximately $67,000. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of Pagaya Technologies during the 4th quarter worth approximately $93,000. Hedge funds and other institutional investors 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.