Quadrature Capital Ltd Purchases 54,709 Shares of Pagaya Technologies Ltd. $PGY

Quadrature Capital Ltd raised its position in shares of Pagaya Technologies Ltd. (NASDAQ:PGY) by 372.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,405 shares of the company’s stock after acquiring an additional 54,709 shares during the period. Quadrature Capital Ltd owned approximately 0.09% of Pagaya Technologies worth $1,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Private Advisor Group LLC bought a new stake in Pagaya Technologies in the first quarter worth $118,000. GSA Capital Partners LLP increased its holdings in shares of Pagaya Technologies by 252.7% in the 1st quarter. GSA Capital Partners LLP now owns 51,605 shares of the company’s stock worth $541,000 after buying an additional 36,974 shares during the last quarter. Deutsche Bank AG bought a new stake in shares of Pagaya Technologies in the 1st quarter worth about $692,000. Swiss National Bank raised its position in shares of Pagaya Technologies by 1.7% during the 1st quarter. Swiss National Bank now owns 76,883 shares of the company’s stock valued at $806,000 after buying an additional 1,300 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Pagaya Technologies by 20.5% in the 1st quarter. Invesco Ltd. now owns 57,875 shares of the company’s stock valued at $607,000 after acquiring an additional 9,845 shares during the last quarter. 57.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Pagaya Technologies news, insider Tami Rosen sold 15,026 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $30.73, for a total transaction of $461,748.98. Following the transaction, the insider directly owned 28,181 shares in the company, valued at $866,002.13. This trade represents a 34.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Sanjiv Das sold 13,304 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $40.62, for a total value of $540,408.48. Following the completion of the sale, the president owned 96,885 shares of the company’s stock, valued at $3,935,468.70. This represents a 12.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 95,081 shares of company stock valued at $3,475,010 over the last quarter. 47.59% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on PGY shares. Canaccord Genuity Group boosted their price objective on Pagaya Technologies from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. JMP Securities lifted their target price on Pagaya Technologies from $26.00 to $35.00 and gave the stock a “market outperform” rating in a report on Monday, August 11th. B. Riley increased their price target on Pagaya Technologies from $46.00 to $54.00 and gave the company a “buy” rating in a report on Monday, August 11th. Keefe, Bruyette & Woods raised their price target on Pagaya Technologies from $27.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Pagaya Technologies in a research note on Tuesday, October 14th. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $34.67.

Pagaya Technologies Stock Performance

Shares of NASDAQ:PGY opened at $24.96 on Monday. The firm has a market cap of $2.01 billion, a PE ratio of -9.35 and a beta of 5.84. The firm’s 50 day simple moving average is $27.81 and its 200-day simple moving average is $27.09. Pagaya Technologies Ltd. has a one year low of $8.27 and a one year high of $44.99. The company has a debt-to-equity ratio of 1.16, a quick ratio of 11.41 and a current ratio of 11.41.

Pagaya Technologies 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.