Sanjiv Das Sells 4,783 Shares of Pagaya Technologies (NASDAQ:PGY) Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) President Sanjiv Das sold 4,783 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $30.20, for a total value of $144,446.60. Following the completion of the sale, the president owned 100,640 shares in the company, valued at $3,039,328. This trade represents a 4.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, September 15th, Sanjiv Das sold 13,304 shares of Pagaya Technologies stock. The shares were sold at an average price of $40.62, for a total value of $540,408.48.
• On Thursday, July 17th, Sanjiv Das sold 12,742 shares of Pagaya Technologies stock. The shares were sold at an average price of $25.95, for a total value of $330,654.90.

Pagaya Technologies Stock Down 5.4%

Shares of Pagaya Technologies stock opened at $29.40 on Friday. Pagaya Technologies Ltd. has a one year low of $8.20 and a one year high of $44.99. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.42 and a quick ratio of 1.42. The stock’s 50-day moving average is $34.43 and its 200 day moving average is $22.59. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of -7.68 and a beta of 5.86.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PGY shares. Oppenheimer upped their target price on Pagaya Technologies from $16.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. JMP Securities upped their target price on Pagaya Technologies from $26.00 to $35.00 and gave the company a “market outperform” rating in a research report on Monday, August 11th. Stephens started coverage on Pagaya Technologies in a research report on Thursday, June 12th. They set an “overweight” rating and a $22.00 target price on the stock. Benchmark restated a “buy” rating and set a $48.00 target price on shares of Pagaya Technologies in a research report on Wednesday. Finally, Citigroup upped their target price on Pagaya Technologies from $16.50 to $40.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Eight research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PGY. JPMorgan Chase & Co. boosted its holdings in Pagaya Technologies by 436.9% in the second quarter. JPMorgan Chase & Co. now owns 1,385,279 shares of the company’s stock worth $29,534,000 after acquiring an additional 1,127,242 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Pagaya Technologies by 1,231.6% in the second quarter. BNP Paribas Financial Markets now owns 1,200,348 shares of the company’s stock worth $25,591,000 after purchasing an additional 1,110,208 shares during the last quarter. Millennium Management LLC raised its stake in shares of Pagaya Technologies by 320.1% in the first quarter. Millennium Management LLC now owns 1,262,413 shares of the company’s stock worth $13,230,000 after purchasing an additional 961,944 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Pagaya Technologies in the first quarter worth approximately $6,465,000. Finally, Jump Financial LLC raised its stake in shares of Pagaya Technologies by 509.6% in the second quarter. Jump Financial LLC now owns 672,635 shares of the company’s stock worth $14,341,000 after purchasing an additional 562,294 shares during the last quarter. Institutional investors own 57.14% of the company’s stock.

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.