Pagaya Technologies Ltd. (NASDAQ:PGY) President Sanjiv Das Sells 7,282 Shares

Pagaya Technologies Ltd. (NASDAQ:PGY) President Sanjiv Das sold 7,282 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $8.85, for a total value of $64,445.70. Following the transaction, the president now directly owns 91,163 shares of the company’s stock, valued at $806,792.55. This trade represents a 7.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Thursday, January 2nd, Sanjiv Das sold 6,343 shares of Pagaya Technologies stock. The stock was sold at an average price of $9.97, for a total value of $63,239.71.

Pagaya Technologies Price Performance

Shares of PGY stock traded up $0.49 on Tuesday, reaching $9.27. The company had a trading volume of 1,572,562 shares, compared to its average volume of 1,601,314. The business’s 50-day moving average is $9.59 and its 200 day moving average is $11.55. Pagaya Technologies Ltd. has a one year low of $8.20 and a one year high of $20.00. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $682.83 million, a PE ratio of -3.65 and a beta of 6.12.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Tidal Investments LLC grew its holdings in shares of Pagaya Technologies by 4.6% during the third quarter. Tidal Investments LLC now owns 41,322 shares of the company’s stock worth $437,000 after purchasing an additional 1,826 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Pagaya Technologies by 13.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 16,614 shares of the company’s stock worth $176,000 after acquiring an additional 1,937 shares during the last quarter. BNP Paribas Financial Markets increased its position in Pagaya Technologies by 48.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,757 shares of the company’s stock valued at $103,000 after acquiring an additional 3,181 shares during the period. Nisa Investment Advisors LLC bought a new position in shares of Pagaya Technologies during the fourth quarter valued at $57,000. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of Pagaya Technologies by 50.1% during the second quarter. Cubist Systematic Strategies LLC now owns 43,813 shares of the company’s stock worth $559,000 after purchasing an additional 14,629 shares during the period. 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.