Pagaya Technologies Ltd. (NASDAQ:PGY) CTO Sells $93,890.39 in Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) CTO Avital Pardo sold 4,939 shares of the business’s stock in a transaction on Monday, June 16th. The shares were sold at an average price of $19.01, for a total transaction of $93,890.39. Following the sale, the chief technology officer now directly owns 1,110,220 shares of the company’s stock, valued at $21,105,282.20. This represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Avital Pardo also recently made the following trade(s):

• On Thursday, June 12th, Avital Pardo sold 48,913 shares of Pagaya Technologies stock. The shares were sold at an average price of $19.05, for a total transaction of $931,792.65.
• On Monday, May 12th, Avital Pardo sold 237,748 shares of Pagaya Technologies stock. The stock was sold at an average price of $15.16, for a total transaction of $3,604,259.68.

Pagaya Technologies Stock Up 4.1%

Pagaya Technologies stock traded up $0.73 during mid-day trading on Monday, reaching $18.67. 2,244,571 shares of the company were exchanged, compared to its average volume of 1,961,475. The business has a fifty day moving average of $13.45 and a 200 day moving average of $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. The firm has a market cap of $1.41 billion, a P/E ratio of -3.39 and a beta of 5.93. Pagaya Technologies Ltd. has a 12-month low of $8.20 and a 12-month high of $19.20.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. B. Riley reaffirmed a “buy” rating and set a $36.00 price target on shares of Pagaya Technologies in a research note on Monday, March 17th. Benchmark restated a “buy” rating and set a $25.00 price objective on shares of Pagaya Technologies in a report on Monday, March 17th. Finally, Stephens assumed coverage on Pagaya Technologies in a report on Thursday. They issued an “overweight” rating and a $22.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Pagaya Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.75.

Institutional Investors Weigh In On Pagaya Technologies

A number of hedge funds have recently made changes to their positions in PGY. Virtus Advisers LLC bought a new stake in Pagaya Technologies during the first quarter valued at about $35,000. GAMMA Investing LLC lifted its position in shares of Pagaya Technologies by 5,431.3% during the first quarter. GAMMA Investing LLC now owns 4,425 shares of the company’s stock valued at $46,000 after buying an additional 4,345 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Pagaya Technologies in the 4th quarter valued at about $43,000. KLP Kapitalforvaltning AS bought a new stake in shares of Pagaya Technologies in the 4th quarter valued at about $67,000. Finally, Jefferies Financial Group Inc. purchased a new position in shares of Pagaya Technologies in the 4th quarter worth approximately $93,000. 57.14% of the stock is currently owned by hedge funds and other 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.