Evangelos Perros Sells 12,754 Shares of Pagaya Technologies (NASDAQ:PGY) Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) CFO Evangelos Perros sold 12,754 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $30.20, for a total transaction of $385,170.80. Following the completion of the sale, the chief financial officer directly owned 78,163 shares of the company’s stock, valued at $2,360,522.60. This represents a 14.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Evangelos Perros also recently made the following trade(s):

• On Monday, September 15th, Evangelos Perros sold 11,553 shares of Pagaya Technologies stock. The stock was sold at an average price of $40.62, for a total transaction of $469,282.86.
• On Tuesday, September 9th, Evangelos Perros sold 14,356 shares of Pagaya Technologies stock. The shares were sold at an average price of $37.34, for a total transaction of $536,053.04.
• On Friday, September 5th, Evangelos Perros sold 9,435 shares of Pagaya Technologies stock. The shares were sold at an average price of $38.84, for a total value of $366,455.40.

Pagaya Technologies Trading Down 5.4%

Shares of NASDAQ:PGY opened at $29.40 on Friday. The business’s 50 day simple moving average is $34.43 and its 200 day simple moving average is $22.59. Pagaya Technologies Ltd. has a 1 year low of $8.20 and a 1 year high of $44.99. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market capitalization of $2.25 billion, a P/E ratio of -7.68 and a beta of 5.86.

Institutional Trading of Pagaya Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of PGY. Counterpoint Mutual Funds LLC bought a new position in shares of Pagaya Technologies in the 2nd quarter valued at $857,000. Invesco Ltd. increased its holdings in Pagaya Technologies by 20.5% in the 1st quarter. Invesco Ltd. now owns 57,875 shares of the company’s stock worth $607,000 after purchasing an additional 9,845 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Pagaya Technologies by 9.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,361 shares of the company’s stock valued at $130,000 after purchasing an additional 1,094 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Pagaya Technologies by 9.7% during the fourth quarter. Bank of America Corp DE now owns 144,097 shares of the company’s stock valued at $1,339,000 after purchasing an additional 12,760 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Pagaya Technologies by 5,431.3% during the first quarter. GAMMA Investing LLC now owns 4,425 shares of the company’s stock worth $46,000 after purchasing an additional 4,345 shares during the last quarter. Institutional investors own 57.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PGY. Keefe, Bruyette & Woods boosted their price target on Pagaya Technologies from $27.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Benchmark reissued a “buy” rating and issued a $48.00 target price on shares of Pagaya Technologies in a report on Wednesday. Stephens initiated coverage on shares of Pagaya Technologies in a report on Thursday, June 12th. They set an “overweight” rating and a $22.00 price target for the company. Oppenheimer lifted their price objective on shares of Pagaya Technologies from $16.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. Finally, Canaccord Genuity Group boosted their price objective on shares of Pagaya Technologies from $28.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $34.33.

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.