Sanjiv Das Sells 14,000 Shares of Pagaya Technologies (NASDAQ:PGY) Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) President Sanjiv Das sold 14,000 shares of Pagaya Technologies stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $15.83, for a total value of $221,620.00. Following the completion of the transaction, the president owned 165,475 shares in the company, valued at $2,619,469.25. The trade was a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Friday, June 12th, Sanjiv Das sold 13,309 shares of Pagaya Technologies stock. The shares were sold at an average price of $16.23, for a total value of $216,005.07.

Pagaya Technologies Stock Performance

PGY traded up $0.76 during midday trading on Monday, reaching $16.63. The company’s stock had a trading volume of 3,197,063 shares, compared to its average volume of 3,927,513. The stock has a market cap of $1.38 billion, a P/E ratio of 15.54 and a beta of 5.35. The company has a fifty day simple moving average of $14.43 and a 200 day simple moving average of $15.93. The company has a current ratio of 12.09, a quick ratio of 12.09 and a debt-to-equity ratio of 1.25. Pagaya Technologies Ltd. has a twelve month low of $10.40 and a twelve month high of $44.99.

Pagaya Technologies (NASDAQ:PGY) last issued its quarterly earnings results on Sunday, March 22nd. The company reported ($40.85) EPS for the quarter. Pagaya Technologies had a return on equity of 44.75% and a net margin of 7.39%.The business had revenue of $91.63 million for the quarter. Research analysts expect that Pagaya Technologies Ltd. will post 2.92 earnings per share for the current year.

Analyst Ratings Changes

PGY has been the topic of several research analyst reports. Zacks Research upgraded shares of Pagaya Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 29th. Texas Capital upgraded shares of Pagaya Technologies to a “strong-buy” rating in a research note on Wednesday, June 10th. Weiss Ratings raised Pagaya Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $32.00 price target on shares of Pagaya Technologies in a report on Monday, May 18th. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Pagaya Technologies has an average rating of “Buy” and an average target price of $34.50.

Institutional Investors Weigh In On Pagaya Technologies

Several large investors have recently modified their holdings of PGY. Root Financial Partners LLC acquired a new position in shares of Pagaya Technologies in the 4th quarter valued at approximately $27,000. Aster Capital Management DIFC Ltd boosted its holdings in shares of Pagaya Technologies by 351.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,392 shares of the company’s stock valued at $29,000 after buying an additional 1,084 shares during the period. Transamerica Financial Advisors LLC bought a new stake in shares of Pagaya Technologies during the fourth quarter worth $30,000. Quarry LP raised its holdings in shares of Pagaya Technologies by 330.8% during the fourth quarter. Quarry LP now owns 1,663 shares of the company’s stock worth $35,000 after acquiring an additional 1,277 shares during the period. Finally, Empowered Funds LLC bought a new stake in Pagaya Technologies in the 4th quarter valued at $52,000. 57.14% of the stock is currently owned by institutional investors.

About Pagaya Technologies

Pagaya Technologies is a financial technology company that applies artificial intelligence and machine learning to the credit and asset management industries. Through its proprietary data-driven platform, Pagaya analyzes vast datasets from consumer credit portfolios to build predictive risk models, enabling institutional investors to gain access to alternative credit products. The company’s solutions streamline underwriting, optimize portfolio construction and facilitate the efficient securitization of consumer loans, credit card receivables and other asset classes.

Founded in 2016 and headquartered in New York, Pagaya has expanded its operations to serve financial institutions and asset managers primarily in the United States.