Pagaya Technologies Ltd. (NASDAQ:PGY) CTO Avital Pardo Sells 54,254 Shares

Pagaya Technologies Ltd. (NASDAQ:PGY) CTO Avital Pardo sold 54,254 shares of the company’s stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $20.24, for a total transaction of $1,098,100.96. Following the completion of the transaction, the chief technology officer now owns 1,042,950 shares in the company, valued at approximately $21,109,308. This represents a 4.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Avital Pardo also recently made the following trade(s):

• On Tuesday, June 24th, Avital Pardo sold 239,989 shares of Pagaya Technologies stock. The stock was sold at an average price of $19.65, for a total transaction of $4,715,783.85.
• On Friday, June 20th, Avital Pardo sold 8,259 shares of Pagaya Technologies stock. The shares were sold at an average price of $19.04, for a total value of $157,251.36.
• On Wednesday, June 18th, Avital Pardo sold 4,757 shares of Pagaya Technologies stock. The stock was sold at an average price of $19.00, for a total value of $90,383.00.
• On Monday, June 16th, Avital Pardo sold 4,939 shares of Pagaya Technologies stock. The shares were sold at an average price of $19.01, for a total value of $93,890.39.
• On Thursday, June 12th, Avital Pardo sold 48,913 shares of Pagaya Technologies stock. The shares were sold at an average price of $19.05, for a total value of $931,792.65.
• On Monday, May 12th, Avital Pardo sold 237,748 shares of Pagaya Technologies stock. The stock was sold at an average price of $15.16, for a total value of $3,604,259.68.

Pagaya Technologies Stock Performance

Shares of NASDAQ PGY opened at $19.18 on Thursday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.82. Pagaya Technologies Ltd. has a 12-month low of $8.20 and a 12-month high of $20.60. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of -3.78 and a beta of 5.93. The firm has a 50 day moving average of $14.94 and a 200 day moving average of $12.09.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Benchmark reaffirmed a “buy” rating and set a $25.00 price target on shares of Pagaya Technologies in a report on Monday, March 17th. Stephens began coverage on shares of Pagaya Technologies in a research report on Thursday, June 12th. They set an “overweight” rating and a $22.00 price objective on the stock. B. Riley restated a “buy” rating and issued a $36.00 target price on shares of Pagaya Technologies in a report on Monday, March 17th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $26.00 target price on shares of Pagaya Technologies in a research report on Tuesday. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.50.

Institutional Investors Weigh In On Pagaya Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Voya Investment Management LLC grew its holdings in shares of Pagaya Technologies by 24.1% in the first quarter. Voya Investment Management LLC now owns 29,452 shares of the company’s stock valued at $309,000 after purchasing an additional 5,723 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Pagaya Technologies by 26.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,705,245 shares of the company’s stock worth $17,871,000 after buying an additional 359,099 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Pagaya Technologies by 320.1% in the 1st quarter. Millennium Management LLC now owns 1,262,413 shares of the company’s stock worth $13,230,000 after buying an additional 961,944 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Pagaya Technologies by 11.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,288 shares of the company’s stock valued at $653,000 after buying an additional 6,365 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Pagaya Technologies by 2,722.3% in the 1st quarter. AQR Capital Management LLC now owns 305,710 shares of the company’s stock valued at $3,204,000 after acquiring an additional 294,878 shares during the last quarter. 57.14% of the stock is currently owned by hedge funds and other institutional investors.

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.