Pagaya Technologies Ltd. (NASDAQ:PGY) President Sells $63,239.71 in Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) President Sanjiv Das sold 6,343 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $9.97, for a total value of $63,239.71. Following the sale, the president now owns 75,528 shares in the company, valued at $753,014.16. This trade represents a 7.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 value of $125,738.91.

Pagaya Technologies Stock Up 8.1 %

Shares of PGY opened at $10.41 on Monday. Pagaya Technologies Ltd. has a 52-week low of $8.20 and a 52-week 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 fifty day simple moving average of $10.38 and a two-hundred day simple moving average of $11.84. The company has a market capitalization of $766.76 million, a PE ratio of -4.10 and a beta of 6.11.

Hedge Funds Weigh In On Pagaya Technologies

Institutional investors have recently bought and sold shares of the company. State Street Corp raised its holdings in Pagaya Technologies by 14.6% in the 3rd quarter. State Street Corp now owns 763,823 shares of the company’s stock valued at $8,074,000 after buying an additional 97,135 shares during the period. Yarra Square Partners LP raised its stake in shares of Pagaya Technologies by 29.9% in the 2nd quarter. Yarra Square Partners LP now owns 619,345 shares of the company’s stock valued at $7,903,000 after acquiring an additional 142,500 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Pagaya Technologies by 7.8% in the 3rd quarter. Geode Capital Management LLC now owns 596,992 shares of the company’s stock worth $6,310,000 after acquiring an additional 43,068 shares during the last quarter. FMR LLC lifted its holdings in shares of Pagaya Technologies by 8.3% in the 3rd quarter. FMR LLC now owns 524,570 shares of the company’s stock worth $5,545,000 after acquiring an additional 40,031 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its position in shares of Pagaya Technologies by 4,374.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 311,859 shares of the company’s stock worth $3,296,000 after purchasing an additional 304,890 shares during the period. 57.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.