Insider Selling: Pagaya Technologies Ltd. (NASDAQ:PGY) President Sells 6,343 Shares of Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) President Sanjiv Das sold 6,343 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $9.97, for a total transaction of $63,239.71. Following the completion of the sale, the president now directly owns 75,528 shares of the company’s stock, valued at $753,014.16. The trade was a 7.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 Stock Up 8.1 %

NASDAQ:PGY traded up $0.78 during trading hours on Friday, hitting $10.41. 2,295,289 shares of the company’s stock traded hands, compared to its average volume of 1,778,645. The stock’s fifty day moving average price is $10.38 and its two-hundred day moving average price is $11.84. The firm has a market cap of $766.76 million, a P/E ratio of -4.10 and a beta of 6.11. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.17 and a current ratio of 1.17. Pagaya Technologies Ltd. has a twelve month low of $8.20 and a twelve month high of $20.00.

Hedge Funds Weigh In On Pagaya Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its position in shares of Pagaya Technologies by 48.4% in the third 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Pagaya Technologies in the 2nd quarter valued at approximately $166,000. The Manufacturers Life Insurance Company lifted its position in Pagaya Technologies by 13.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 16,614 shares of the company’s stock worth $176,000 after buying an additional 1,937 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Pagaya Technologies during the 3rd quarter valued at $191,000. Finally, Virtu Financial LLC purchased a new position in shares of Pagaya Technologies during the 3rd quarter valued at $223,000. Hedge funds and other institutional investors own 57.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PGY shares. 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 on the stock. B. Riley decreased their target price on Pagaya Technologies from $48.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Benchmark reaffirmed a “buy” rating and set a $21.00 target price on shares of Pagaya Technologies in a research report on Wednesday, October 16th. Oppenheimer started 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, Canaccord Genuity Group cut their price objective on Pagaya Technologies from $32.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Pagaya Technologies has an average rating of “Moderate Buy” and a consensus target price of $20.00.

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.