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 Pagaya Technologies stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $19.01, for a total value of $93,890.39. Following the completion of the transaction, the chief technology officer now owns 1,110,220 shares in the company, valued at approximately $21,105,282.20. This represents a 0.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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 value 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 Price Performance

Shares of PGY stock opened at $18.35 on Wednesday. The business’s fifty day moving average is $13.81 and its 200 day moving average is $11.74. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.82. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of -3.62 and a beta of 5.93. Pagaya Technologies Ltd. has a twelve month low of $8.20 and a twelve month high of $19.20.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PGY shares. B. Riley reiterated a “buy” rating and set a $36.00 price target on shares of Pagaya Technologies in a report on Monday, March 17th. Stephens started coverage on shares of Pagaya Technologies in a research note on Thursday, June 12th. They set an “overweight” rating and a $22.00 price objective for the company. Finally, Benchmark reiterated a “buy” rating and set a $25.00 target price on shares of Pagaya Technologies in a report on Monday, March 17th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Pagaya Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

Institutional Trading of Pagaya Technologies

A number of hedge funds have recently modified their holdings of PGY. Frontier Capital Management Co. LLC purchased a new position in Pagaya Technologies during the 4th quarter valued at about $28,070,000. Millennium Management LLC increased its stake in shares of Pagaya Technologies by 320.1% during the first quarter. Millennium Management LLC now owns 1,262,413 shares of the company’s stock valued at $13,230,000 after purchasing an additional 961,944 shares in the last quarter. Point72 Asset Management L.P. increased its stake in shares of Pagaya Technologies by 284.3% during the fourth quarter. Point72 Asset Management L.P. now owns 1,198,398 shares of the company’s stock valued at $11,133,000 after purchasing an additional 886,539 shares in the last quarter. Two Sigma Investments LP lifted its holdings in shares of Pagaya Technologies by 359.6% during the fourth quarter. Two Sigma Investments LP now owns 826,119 shares of the company’s stock valued at $7,675,000 after purchasing an additional 646,357 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Pagaya Technologies in the 1st quarter worth approximately $6,465,000. Institutional investors own 57.14% of the company’s stock.

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.