Pagaya Technologies Ltd. (NASDAQ:PGY) President Sanjiv Das Sells 7,282 Shares

Pagaya Technologies Ltd. (NASDAQ:PGY) President Sanjiv Das sold 7,282 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $8.85, for a total value of $64,445.70. Following the sale, the president now directly owns 91,163 shares in the company, valued at $806,792.55. This trade represents a 7.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Thursday, January 2nd, Sanjiv Das sold 6,343 shares of Pagaya Technologies stock. The shares were sold at an average price of $9.97, for a total transaction of $63,239.71.

Pagaya Technologies Stock Up 5.6 %

Pagaya Technologies stock opened at $9.27 on Wednesday. The stock has a market capitalization of $682.83 million, a price-to-earnings ratio of -3.65 and a beta of 6.12. 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 stock has a 50 day moving average of $9.59 and a two-hundred day moving average of $11.55. Pagaya Technologies Ltd. has a twelve month low of $8.20 and a twelve month high of $20.00.

Hedge Funds Weigh In On Pagaya Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of PGY. State Street Corp raised its position in Pagaya Technologies by 14.6% during the 3rd quarter. State Street Corp now owns 763,823 shares of the company’s stock worth $8,074,000 after buying an additional 97,135 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Pagaya Technologies by 7.8% during the third quarter. Geode Capital Management LLC now owns 596,992 shares of the company’s stock worth $6,310,000 after acquiring an additional 43,068 shares during the period. FMR LLC raised its holdings in Pagaya Technologies by 8.3% during the third quarter. FMR LLC now owns 524,570 shares of the company’s stock worth $5,545,000 after purchasing an additional 40,031 shares in the last quarter. Point72 Asset Management L.P. lifted its position in Pagaya Technologies by 4,374.9% in the third quarter. Point72 Asset Management L.P. now owns 311,859 shares of the company’s stock valued at $3,296,000 after purchasing an additional 304,890 shares during the period. Finally, Millennium Management LLC boosted its holdings in Pagaya Technologies by 455.9% in the 2nd quarter. Millennium Management LLC now owns 218,549 shares of the company’s stock valued at $2,789,000 after purchasing an additional 179,235 shares in the last quarter. 57.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. UBS Group started coverage on shares of Pagaya Technologies in a report on Friday, December 20th. They issued a “neutral” rating and a $11.00 target price for the company. Benchmark reaffirmed a “buy” rating and set a $21.00 price objective on shares of Pagaya Technologies in a report on Wednesday, October 16th. B. Riley reduced their target price on Pagaya Technologies from $48.00 to $36.00 and set a “buy” rating for the company in a report on Monday, September 30th. Oppenheimer assumed coverage on Pagaya Technologies in a research note on Tuesday, October 1st. They set an “outperform” rating and a $12.00 price target on the stock. Finally, Canaccord Genuity Group reduced their price objective on Pagaya Technologies from $32.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Pagaya Technologies presently has an average rating of “Moderate Buy” and an average price target 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.