Pagaya Technologies (NASDAQ:PGY) President Sells $243,672.00 in Stock

by · The Markets Daily

Pagaya Technologies Ltd. (NASDAQ:PGY – Get Free Report) President Sanjiv Das sold 14,300 shares of the company’s stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $17.04, for a total value of $243,672.00. Following the transaction, the president owned 173,864 shares in the company, valued at $2,962,642.56. This trade represents a 7.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

  • On Saturday, September 12th, Sanjiv Das sold 13,301 shares of Pagaya Technologies stock. The stock was sold at an average price of $20.21, for a total value of $268,813.21.
  • On Monday, August 3rd, Sanjiv Das sold 21,289 shares of Pagaya Technologies stock. The shares were sold at an average price of $22.00, for a total value of $468,358.00.

Pagaya Technologies Stock Up 2.2%

Shares of NASDAQ PGY traded up $0.37 during mid-day trading on Tuesday, hitting $17.37. 2,879,694 shares of the stock traded hands, compared to its average volume of 3,558,826. The company has a debt-to-equity ratio of 1.12, a quick ratio of 11.08 and a current ratio of 11.08. Pagaya Technologies Ltd. has a 52 week low of $10.40 and a 52 week high of $33.12. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 12.77 and a beta of 5.35. The stock has a fifty day moving average price of $20.39 and a 200-day moving average price of $16.40.

Hedge Funds Weigh In On Pagaya Technologies

A number of hedge funds have recently bought and sold shares of PGY. Tidal Investments LLC increased its stake in Pagaya Technologies by 60.7% during the 2nd quarter. Tidal Investments LLC now owns 78,221 shares of the company’s stock valued at $1,428,000 after purchasing an additional 29,533 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Pagaya Technologies during the second quarter valued at approximately $391,000. Engineers Gate Manager LP grew its holdings in shares of Pagaya Technologies by 158.5% during the second quarter. Engineers Gate Manager LP now owns 130,172 shares of the company’s stock valued at $2,376,000 after buying an additional 79,810 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Pagaya Technologies during the second quarter valued at approximately $37,000. Finally, Squarepoint Ops LLC increased its position in shares of Pagaya Technologies by 614.7% during the second quarter. Squarepoint Ops LLC now owns 252,036 shares of the company’s stock valued at $4,600,000 after acquiring an additional 216,770 shares in the last quarter. Institutional investors own 57.14% of the company’s stock.

Wall Street Analyst Weigh In

PGY has been the topic of a number of research reports. Canaccord Genuity Group boosted their target price on shares of Pagaya Technologies from $32.00 to $36.00 and gave the company a “buy” rating in a report on Friday, July 31st. B. Riley Financial increased their price target on shares of Pagaya Technologies from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Citizens Jmp boosted their price objective on shares of Pagaya Technologies from $22.00 to $25.00 and gave the stock a “market outperform” rating in a research note on Friday, July 31st. Texas Capital upgraded shares of Pagaya Technologies to a “strong-buy” rating in a report on Wednesday, June 10th. Finally, TD Cowen initiated coverage on shares of Pagaya Technologies in a report on Thursday, September 3rd. They issued a “buy” rating and a $26.00 price objective on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $31.25.

Check Out Our Latest Stock Analysis on Pagaya Technologies

About Pagaya Technologies

(Get Free Report)

Pagaya Technologies Ltd. is a financial technology company that uses artificial intelligence and data analytics to facilitate access to credit and investment opportunities. Its technology platform evaluates loan and other credit-related assets, helping financial institutions make lending decisions and connect assets with institutional funding sources.

The company’s Pagaya Network is designed to integrate with banks, fintech companies and other originators. Through the network, Pagaya analyzes consumer credit, personal loan, auto loan and real estate-related assets, among other products, and helps distribute qualifying assets to institutional investors through structured financial vehicles.

Pagaya was founded in 2016 and is headquartered in New York, with roots in Israel.

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