Insider Selling: Pagaya Technologies Ltd. (NASDAQ:PGY) President Sells $64,445.70 in Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) President Sanjiv Das sold 7,282 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $8.85, for a total value of $64,445.70. Following the transaction, the president now owns 91,163 shares of the company’s stock, valued at approximately $806,792.55. This trade represents a 7.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, January 2nd, Sanjiv Das sold 6,343 shares of Pagaya Technologies stock. The shares were sold at an average price of $9.97, for a total transaction of $63,239.71.

Pagaya Technologies Stock Performance

NASDAQ:PGY opened at $9.16 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market cap of $674.69 million, a price-to-earnings ratio of -3.61 and a beta of 6.12. Pagaya Technologies Ltd. has a 1 year low of $8.20 and a 1 year high of $20.00. The stock’s 50 day simple moving average is $9.54 and its two-hundred day simple moving average is $11.50.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Pagaya Technologies

A number of hedge funds have recently bought and sold shares of the business. R Squared Ltd bought a new stake in shares of Pagaya Technologies in the 4th quarter worth about $30,000. Nisa Investment Advisors LLC purchased a new position in Pagaya Technologies in the fourth quarter worth about $57,000. BNP Paribas Financial Markets increased its stake 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 acquiring an additional 3,181 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Pagaya Technologies by 13.2% during the third quarter. The Manufacturers Life Insurance Company now owns 16,614 shares of the company’s stock valued at $176,000 after purchasing an additional 1,937 shares during the period. Finally, Intech Investment Management LLC bought a new stake in shares of Pagaya Technologies in the 3rd quarter valued at approximately $191,000. Hedge funds and other 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.