Pagaya Technologies Ltd. (NASDAQ:PGY) President Sanjiv Das Sells 6,343 Shares

Pagaya Technologies Ltd. (NASDAQ:PGY) President Sanjiv Das sold 6,343 shares of the business’s stock in a transaction on 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 owns 75,528 shares of the company’s stock, valued at approximately $753,014.16. The trade was a 7.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

Shares of NASDAQ:PGY traded up $0.78 on Friday, hitting $10.41. The company’s stock had a trading volume of 2,295,289 shares, compared to its average volume of 1,778,645. 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 debt-to-equity ratio of 0.82, a quick ratio of 1.17 and a current ratio of 1.17. Pagaya Technologies Ltd. has a 12 month low of $8.20 and a 12 month high of $20.00. The stock’s 50-day moving average is $10.38 and its two-hundred day moving average is $11.84.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Pagaya Technologies

Institutional investors have recently bought and sold shares of the stock. Point72 Asset Management L.P. raised 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 buying an additional 304,890 shares in the last quarter. Arizona PSPRS Trust acquired a new position in shares of Pagaya Technologies during the third quarter valued at approximately $2,183,000. Millennium Management LLC increased its stake in shares of Pagaya Technologies by 455.9% during the second quarter. Millennium Management LLC now owns 218,549 shares of the company’s stock valued at $2,789,000 after acquiring an additional 179,235 shares during the period. Divisadero Street Capital Management LP bought a new stake in Pagaya Technologies during the second quarter worth approximately $2,273,000. Finally, Yarra Square Partners LP lifted its position in Pagaya Technologies by 29.9% in the second quarter. Yarra Square Partners LP now owns 619,345 shares of the company’s stock worth $7,903,000 after purchasing an additional 142,500 shares during the period. Institutional investors and hedge funds own 57.14% of the company’s stock.

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.