Insider Selling: Pagaya Technologies Ltd. (NASDAQ:PGY) President Sells 6,343 Shares of Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) President Sanjiv Das sold 6,343 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $9.97, for a total transaction of $63,239.71. Following the sale, the president now directly owns 75,528 shares of the company’s stock, valued at $753,014.16. This represents a 7.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through 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 shares were sold at an average price of $11.77, for a total transaction of $125,738.91.

Pagaya Technologies Stock Performance

PGY stock opened at $10.41 on Friday. The firm has a 50 day moving average of $10.38 and a two-hundred day moving average of $11.84. Pagaya Technologies Ltd. has a 12 month low of $8.20 and a 12 month high of $20.00. The company has a market capitalization of $766.76 million, a price-to-earnings ratio of -4.10 and a beta of 6.11. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.82.

Institutional Investors Weigh In On Pagaya Technologies

A number of large investors have recently bought and sold shares of the business. Tidal Investments LLC lifted its position in shares of Pagaya Technologies by 4.6% in the third quarter. Tidal Investments LLC now owns 41,322 shares of the company’s stock worth $437,000 after buying an additional 1,826 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Pagaya Technologies by 13.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 16,614 shares of the company’s stock worth $176,000 after purchasing an additional 1,937 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Pagaya Technologies by 48.4% during the third quarter. BNP Paribas Financial Markets now owns 9,757 shares of the company’s stock worth $103,000 after purchasing an additional 3,181 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Pagaya Technologies during the second quarter valued at approximately $166,000. Finally, Cubist Systematic Strategies LLC raised its position in shares of Pagaya Technologies by 50.1% in the second quarter. Cubist Systematic Strategies LLC now owns 43,813 shares of the company’s stock valued at $559,000 after purchasing an additional 14,629 shares during the period. 57.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on PGY shares. Benchmark reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Pagaya Technologies in a research note on Wednesday, October 16th. B. Riley dropped their price target on Pagaya Technologies from $48.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. UBS Group began coverage on Pagaya Technologies in a research report on Friday, December 20th. They set a “neutral” rating and a $11.00 price objective for the company. Oppenheimer started coverage on Pagaya Technologies in a report on Tuesday, October 1st. They issued an “outperform” rating and a $12.00 target price on the stock. Finally, Canaccord Genuity Group decreased their price target on shares of Pagaya Technologies from $32.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $20.00.

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.