Pagaya Technologies Ltd. (NASDAQ:PGY) CTO Sells $90,383.00 in Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) CTO Avital Pardo sold 4,757 shares of Pagaya Technologies stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $19.00, for a total value of $90,383.00. Following the transaction, the chief technology officer now owns 1,105,463 shares of the company’s stock, valued at approximately $21,003,797. This represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Avital Pardo also recently made the following trade(s):

• On Wednesday, June 25th, Avital Pardo sold 54,254 shares of Pagaya Technologies stock. The stock was sold at an average price of $20.24, for a total value of $1,098,100.96.
• On Tuesday, June 24th, Avital Pardo sold 239,989 shares of Pagaya Technologies stock. The stock was sold at an average price of $19.65, for a total value of $4,715,783.85.
• On Friday, June 20th, Avital Pardo sold 8,259 shares of Pagaya Technologies stock. The stock was sold at an average price of $19.04, for a total value of $157,251.36.
• On Monday, June 16th, Avital Pardo sold 4,939 shares of Pagaya Technologies stock. The stock was sold at an average price of $19.01, for a total value of $93,890.39.
• On Thursday, June 12th, Avital Pardo sold 48,913 shares of Pagaya Technologies stock. The stock was sold at an average price of $19.05, for a total value of $931,792.65.
• On Monday, May 12th, Avital Pardo sold 237,748 shares of Pagaya Technologies stock. The stock was sold at an average price of $15.16, for a total value of $3,604,259.68.

Pagaya Technologies Stock Down 3.9%

Shares of NASDAQ:PGY opened at $19.18 on Thursday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.82. The business has a fifty day moving average of $14.94 and a two-hundred day moving average of $12.09. The stock has a market cap of $1.45 billion, a P/E ratio of -3.78 and a beta of 5.93. Pagaya Technologies Ltd. has a 52-week low of $8.20 and a 52-week high of $20.60.

Analyst Ratings Changes

PGY has been the subject of several research analyst reports. Stephens began coverage on Pagaya Technologies in a research note on Thursday, June 12th. They set an “overweight” rating and a $22.00 target price for the company. JMP Securities reissued a “market outperform” rating and issued a $26.00 price objective on shares of Pagaya Technologies in a research note on Tuesday. Benchmark reissued a “buy” rating and issued a $25.00 price objective on shares of Pagaya Technologies in a research note on Monday, March 17th. Finally, B. Riley reissued a “buy” rating and issued a $36.00 price objective on shares of Pagaya Technologies in a research note on Monday, March 17th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $20.50.

Institutional Trading of Pagaya Technologies

Several large investors have recently added to or reduced their stakes in the stock. Voya Investment Management LLC grew its holdings in Pagaya Technologies by 24.1% in the 1st quarter. Voya Investment Management LLC now owns 29,452 shares of the company’s stock valued at $309,000 after buying an additional 5,723 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Pagaya Technologies by 26.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,705,245 shares of the company’s stock valued at $17,871,000 after buying an additional 359,099 shares in the last quarter. Millennium Management LLC grew its holdings in Pagaya Technologies by 320.1% in the 1st quarter. Millennium Management LLC now owns 1,262,413 shares of the company’s stock valued at $13,230,000 after buying an additional 961,944 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Pagaya Technologies by 11.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,288 shares of the company’s stock valued at $653,000 after buying an additional 6,365 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in Pagaya Technologies by 2,722.3% in the 1st quarter. AQR Capital Management LLC now owns 305,710 shares of the company’s stock valued at $3,204,000 after buying an additional 294,878 shares in the last quarter. 57.14% of the stock is currently owned by hedge funds and other 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.