Insider Selling: Pagaya Technologies Ltd. (NASDAQ:PGY) CFO Sells $212,410.85 in Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) CFO Evangelos Perros sold 21,305 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $9.97, for a total transaction of $212,410.85. Following the sale, the chief financial officer now directly owns 54,029 shares of the company’s stock, valued at approximately $538,669.13. The trade was a 28.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Pagaya Technologies Stock Up 8.1 %

Shares of NASDAQ PGY opened at $10.41 on Monday. Pagaya Technologies Ltd. has a 1 year low of $8.20 and a 1 year high of $20.00. The firm’s 50-day moving average is $10.38 and its 200-day moving average is $11.84. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $766.76 million, a PE ratio of -4.10 and a beta of 6.11.

Hedge Funds Weigh In On Pagaya Technologies

Several large investors have recently bought and sold shares of PGY. Tidal Investments LLC grew its holdings in Pagaya Technologies by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 41,322 shares of the company’s stock worth $437,000 after acquiring an additional 1,826 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Pagaya Technologies by 13.2% during the third quarter. The Manufacturers Life Insurance Company now owns 16,614 shares of the company’s stock worth $176,000 after purchasing an additional 1,937 shares during the period. BNP Paribas Financial Markets increased its holdings in Pagaya Technologies by 48.4% in the third quarter. BNP Paribas Financial Markets now owns 9,757 shares of the company’s stock valued at $103,000 after purchasing an additional 3,181 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Pagaya Technologies in the second quarter valued at about $166,000. Finally, Cubist Systematic Strategies LLC lifted its stake in Pagaya Technologies by 50.1% in the second quarter. Cubist Systematic Strategies LLC now owns 43,813 shares of the company’s stock valued at $559,000 after buying an additional 14,629 shares during the period. 57.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PGY has been the topic of a number of research analyst reports. UBS Group assumed coverage on Pagaya Technologies in a research report on Friday, December 20th. They set a “neutral” rating and a $11.00 price target on the stock. Canaccord Genuity Group decreased their target price 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 target on shares of Pagaya Technologies in a report on Wednesday, October 16th. Oppenheimer started coverage on shares of Pagaya Technologies in a report on Tuesday, October 1st. They set an “outperform” rating and a $12.00 price objective on the stock. Finally, B. Riley dropped their target price on shares of Pagaya Technologies from $48.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $20.00.

About Pagaya Technologies

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.