Sanjiv Das Sells 7,282 Shares of Pagaya Technologies Ltd. (NASDAQ:PGY) Stock

Pagaya Technologies Ltd. (NASDAQ:PGYGet Free Report) President Sanjiv Das sold 7,282 shares of Pagaya Technologies stock in a transaction dated 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 directly owns 91,163 shares in the company, valued at approximately $806,792.55. The trade was a 7.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

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

Pagaya Technologies Stock Down 1.6 %

Shares of PGY opened at $9.12 on Thursday. 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 stock has a market capitalization of $671.78 million, a price-to-earnings ratio of -3.59 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 business’s 50 day simple moving average is $9.56 and its 200-day simple moving average is $11.52.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Oppenheimer assumed coverage on shares of Pagaya Technologies in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $12.00 price objective for the company. Canaccord Genuity Group decreased their price target on Pagaya Technologies from $32.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. 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 cut their target price on Pagaya Technologies from $48.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Finally, UBS Group started coverage on Pagaya Technologies in a report on Friday, December 20th. They issued a “neutral” rating and a $11.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Pagaya Technologies has a consensus rating of “Moderate Buy” and an average price target of $20.00.

Read Our Latest Stock Analysis on PGY

Institutional Investors Weigh In On Pagaya Technologies

Several large investors have recently bought and sold shares of the business. Point72 Asset Management L.P. grew its stake in shares of Pagaya Technologies by 4,374.9% in 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 purchased a new position in Pagaya Technologies in the third quarter worth about $2,183,000. Millennium Management LLC increased its stake in Pagaya Technologies by 455.9% during the second quarter. Millennium Management LLC now owns 218,549 shares of the company’s stock worth $2,789,000 after acquiring an additional 179,235 shares during the last quarter. JPMorgan Chase & Co. raised its position in Pagaya Technologies by 502.5% during the third quarter. JPMorgan Chase & Co. now owns 152,288 shares of the company’s stock valued at $1,610,000 after purchasing an additional 127,012 shares during the period. Finally, State Street Corp lifted its stake in shares of Pagaya Technologies by 14.6% in the 3rd quarter. State Street Corp now owns 763,823 shares of the company’s stock valued at $8,074,000 after purchasing an additional 97,135 shares during the last quarter. Institutional investors own 57.14% of the company’s stock.

Pagaya Technologies Company Profile

(Get Free Report)

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.

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