Pagaya Technologies Ltd. (NASDAQ:PGY) President Sanjiv Das Sells 13,551 Shares

Pagaya Technologies Ltd. (NASDAQ:PGY) President Sanjiv Das sold 13,551 shares of the business’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $17.90, for a total value of $242,562.90. Following the completion of the transaction, the president now owns 84,634 shares in the company, valued at $1,514,948.60. This trade represents a 13.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, June 3rd, Sanjiv Das sold 31,382 shares of Pagaya Technologies stock. The stock was sold at an average price of $17.15, for a total transaction of $538,201.30.
• On Thursday, April 17th, Sanjiv Das sold 12,789 shares of Pagaya Technologies stock. The shares were sold at an average price of $9.35, for a total value of $119,577.15.

Pagaya Technologies Stock Up 4.1%

Shares of PGY stock traded up $0.73 during trading hours on Monday, hitting $18.67. 2,244,571 shares of the company were exchanged, compared to its average volume of 1,961,475. Pagaya Technologies Ltd. has a 52 week low of $8.20 and a 52 week high of $19.20. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.82. The business has a 50 day moving average of $13.45 and a two-hundred day moving average of $11.64. The company has a market capitalization of $1.41 billion, a PE ratio of -3.39 and a beta of 5.93.

Institutional Investors Weigh In On Pagaya Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Virtus Advisers LLC acquired a new position in shares of Pagaya Technologies during the 1st quarter worth approximately $35,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Pagaya Technologies during the fourth quarter worth $43,000. GAMMA Investing LLC raised its position in Pagaya Technologies by 5,431.3% during the first quarter. GAMMA Investing LLC now owns 4,425 shares of the company’s stock worth $46,000 after acquiring an additional 4,345 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Pagaya Technologies during the fourth quarter worth $67,000. Finally, Jefferies Financial Group Inc. acquired a new stake in Pagaya Technologies in the fourth quarter valued at $93,000. 57.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PGY has been the topic of several recent analyst reports. B. Riley reiterated a “buy” rating and issued a $36.00 target price on shares of Pagaya Technologies in a report on Monday, March 17th. Stephens initiated coverage on Pagaya Technologies in a research note on Thursday. They issued an “overweight” rating and a $22.00 price objective on the stock. Finally, Benchmark restated a “buy” rating and set a $25.00 target price on shares of Pagaya Technologies in a research note on Monday, March 17th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $20.75.

About Pagaya Technologies

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.