Pagaya Technologies Ltd. (NASDAQ:PGY) CFO Evangelos Perros Sells 11,768 Shares

Pagaya Technologies Ltd. (NASDAQ:PGY) CFO Evangelos Perros sold 11,768 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $17.90, for a total value of $210,647.20. Following the sale, the chief financial officer now owns 72,859 shares of the company’s stock, valued at $1,304,176.10. This represents a 13.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Pagaya Technologies Price Performance

Shares of Pagaya Technologies stock opened at $18.67 on Tuesday. The stock has a 50 day moving average of $13.65 and a 200 day moving average of $11.69. Pagaya Technologies Ltd. has a 12 month low of $8.20 and a 12 month high of $19.20. The firm has a market cap of $1.41 billion, a PE ratio of -3.39 and a beta of 5.93. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.82.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Stephens assumed coverage on Pagaya Technologies in a research report on Thursday, June 12th. They set an “overweight” rating and a $22.00 target price for the company. Benchmark reiterated a “buy” rating and set a $25.00 target price on shares of Pagaya Technologies in a research report on Monday, March 17th. Finally, B. Riley reissued a “buy” rating and set a $36.00 price target on shares of Pagaya Technologies in a research note on Monday, March 17th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Pagaya Technologies has an average rating of “Moderate Buy” and a consensus target price of $20.75.

Institutional Investors Weigh In On Pagaya Technologies

Institutional investors have recently modified their holdings of the stock. Virtus Advisers LLC bought a new stake in shares of Pagaya Technologies in the 1st quarter valued at approximately $35,000. GAMMA Investing LLC lifted its stake in shares of Pagaya Technologies by 5,431.3% in the 1st quarter. GAMMA Investing LLC now owns 4,425 shares of the company’s stock valued at $46,000 after purchasing an additional 4,345 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Pagaya Technologies in the 4th quarter valued at approximately $43,000. KLP Kapitalforvaltning AS bought a new stake in shares of Pagaya Technologies in the 4th quarter valued at approximately $67,000. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Pagaya Technologies in the 4th quarter valued at approximately $93,000. 57.14% of the stock is owned by institutional investors.

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.