Pagaya Technologies (NASDAQ:PGY) President Sanjiv Das Sells 4,783 Shares of Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) President Sanjiv Das sold 4,783 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $30.20, for a total transaction of $144,446.60. Following the transaction, the president owned 100,640 shares of the company’s stock, valued at approximately $3,039,328. This represents a 4.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, September 15th, Sanjiv Das sold 13,304 shares of Pagaya Technologies stock. The stock was sold at an average price of $40.62, for a total transaction of $540,408.48.
• On Thursday, July 17th, Sanjiv Das sold 12,742 shares of Pagaya Technologies stock. The stock was sold at an average price of $25.95, for a total transaction of $330,654.90.

Pagaya Technologies Price Performance

Shares of NASDAQ:PGY opened at $29.40 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a fifty day moving average price of $34.43 and a 200 day moving average price of $22.52. Pagaya Technologies Ltd. has a fifty-two week low of $8.20 and a fifty-two week high of $44.99. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of -7.68 and a beta of 5.86.

Analyst Ratings Changes

PGY has been the topic of a number of recent research reports. Stephens initiated coverage on shares of Pagaya Technologies in a research note on Thursday, June 12th. They set an “overweight” rating and a $22.00 price target on the stock. B. Riley increased their target price on shares of Pagaya Technologies from $46.00 to $54.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Benchmark reissued a “buy” rating and issued a $48.00 target price on shares of Pagaya Technologies in a research note on Wednesday. Wall Street Zen downgraded shares of Pagaya Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 30th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Pagaya Technologies from $27.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.33.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its stake 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 worth $17,871,000 after buying an additional 359,099 shares during the period. JPMorgan Chase & Co. increased its stake in Pagaya Technologies by 436.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,385,279 shares of the company’s stock worth $29,534,000 after buying an additional 1,127,242 shares during the period. Millennium Management LLC increased its stake in Pagaya Technologies by 320.1% in the 1st quarter. Millennium Management LLC now owns 1,262,413 shares of the company’s stock worth $13,230,000 after buying an additional 961,944 shares during the period. BNP Paribas Financial Markets increased its stake in Pagaya Technologies by 1,231.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,200,348 shares of the company’s stock worth $25,591,000 after buying an additional 1,110,208 shares during the period. Finally, Cubist Systematic Strategies LLC increased its stake in Pagaya Technologies by 40.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 731,454 shares of the company’s stock worth $15,595,000 after buying an additional 209,733 shares during the period. Hedge funds and other institutional investors own 57.14% of the company’s stock.

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.