Insider Selling: Pagaya Technologies Ltd. (NASDAQ:PGY) President Sells 13,551 Shares of Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) President Sanjiv Das sold 13,551 shares of the firm’s stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $17.90, for a total transaction of $242,562.90. Following the transaction, the president now directly owns 84,634 shares in the company, valued at approximately $1,514,948.60. The trade was a 13.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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 transaction of $119,577.15.

Pagaya Technologies Trading Up 2.7%

NASDAQ:PGY opened at $18.85 on Thursday. Pagaya Technologies Ltd. has a 12 month low of $8.20 and a 12 month high of $19.20. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of -3.72 and a beta of 5.93. 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 company’s 50 day moving average is $13.99 and its 200-day moving average is $11.79.

Analyst Ratings Changes

A number of brokerages recently issued reports on PGY. Stephens initiated coverage on shares of Pagaya Technologies in a report on Thursday, June 12th. They issued an “overweight” rating and a $22.00 price objective for the company. B. Riley reaffirmed a “buy” rating and issued a $36.00 price target on shares of Pagaya Technologies in a research report on Monday, March 17th. Finally, Benchmark reissued a “buy” rating and set a $25.00 price objective 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 company. According to MarketBeat, Pagaya Technologies currently has an average rating of “Moderate Buy” and an average price target of $20.50.

Hedge Funds Weigh In On Pagaya Technologies

A number of institutional investors have recently modified their holdings of the company. Frontier Capital Management Co. LLC bought a new position in shares of Pagaya Technologies in the fourth quarter valued at approximately $28,070,000. Goldman Sachs Group Inc. grew its stake in shares of Pagaya Technologies by 26.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,705,245 shares of the company’s stock worth $17,871,000 after acquiring an additional 359,099 shares during the last quarter. Millennium Management LLC grew 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 acquiring an additional 961,944 shares during the last quarter. Point72 Asset Management L.P. grew its stake in shares of Pagaya Technologies by 284.3% in the fourth quarter. Point72 Asset Management L.P. now owns 1,198,398 shares of the company’s stock worth $11,133,000 after acquiring an additional 886,539 shares during the last quarter. Finally, Two Sigma Investments LP grew its stake in shares of Pagaya Technologies by 359.6% in the fourth quarter. Two Sigma Investments LP now owns 826,119 shares of the company’s stock worth $7,675,000 after acquiring an additional 646,357 shares during the last quarter. 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.