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

Pagaya Technologies Ltd. (NASDAQ:PGY) President Sanjiv Das sold 6,343 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $9.97, for a total value of $63,239.71. Following the sale, the president now directly owns 75,528 shares in the company, valued at approximately $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 hyperlink.

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 Up 8.1 %

Shares of PGY stock opened at $10.41 on Friday. Pagaya Technologies Ltd. has a 1 year low of $8.20 and a 1 year high of $20.00. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.17 and a current ratio of 1.17. The business’s fifty day moving average is $10.38 and its 200-day moving average is $11.84. The stock has a market cap of $766.76 million, a PE ratio of -4.10 and a beta of 6.11.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PGY. BNP Paribas Financial Markets boosted its position in shares of Pagaya Technologies by 48.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,757 shares of the company’s stock valued at $103,000 after purchasing an additional 3,181 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Pagaya Technologies during the second quarter valued at approximately $166,000. The Manufacturers Life Insurance Company boosted its holdings 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 worth $176,000 after buying an additional 1,937 shares in the last quarter. Intech Investment Management LLC acquired a new position in Pagaya Technologies in the third quarter worth approximately $191,000. Finally, Virtu Financial LLC bought a new position in shares of Pagaya Technologies in the third quarter valued at $223,000. 57.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PGY has been the topic of a number of recent research reports. Canaccord Genuity Group reduced their price target on shares of Pagaya Technologies from $32.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Benchmark reiterated a “buy” rating and issued a $21.00 target price on shares of Pagaya Technologies in a research note on Wednesday, October 16th. UBS Group started coverage on shares of Pagaya Technologies in a research note on Friday, December 20th. They set a “neutral” rating and a $11.00 target price for the company. 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. Finally, Oppenheimer assumed coverage on Pagaya Technologies in a report on Tuesday, October 1st. They issued an “outperform” rating and a $12.00 price objective for the company. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $20.00.

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.