Pagaya Technologies (NASDAQ:PGY) President Sanjiv Das Sells 13,301 Shares of Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) President Sanjiv Das sold 13,301 shares of the stock in a transaction on Saturday, September 12th. The shares were sold at an average price of $20.21, for a total value of $268,813.21. Following the completion of the transaction, the president directly owned 154,635 shares in the company, valued at approximately $3,125,173.35. This trade represents a 7.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 Monday, August 3rd, Sanjiv Das sold 21,289 shares of Pagaya Technologies stock. The stock was sold at an average price of $22.00, for a total value of $468,358.00.
• On Thursday, June 25th, Sanjiv Das sold 14,000 shares of Pagaya Technologies stock. The stock was sold at an average price of $15.83, for a total value of $221,620.00.

Pagaya Technologies Trading Down 2.1%

NASDAQ PGY opened at $21.04 on Wednesday. The stock has a 50-day simple moving average of $20.04 and a 200 day simple moving average of $15.89. The company has a market capitalization of $1.76 billion, a PE ratio of 15.47 and a beta of 5.35. The company has a current ratio of 11.08, a quick ratio of 11.08 and a debt-to-equity ratio of 1.12. Pagaya Technologies Ltd. has a 12 month low of $10.40 and a 12 month high of $44.99.

Hedge Funds Weigh In On Pagaya Technologies

A number of large investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its position in Pagaya Technologies by 141.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,029,081 shares of the company’s stock valued at $12,040,000 after purchasing an additional 602,992 shares during the last quarter. Q Global Advisors LLC grew its stake in Pagaya Technologies by 324.8% in the first quarter. Q Global Advisors LLC now owns 537,551 shares of the company’s stock valued at $6,262,000 after purchasing an additional 410,996 shares in the last quarter. Edgestream Partners L.P. increased its position in shares of Pagaya Technologies by 353.2% during the 1st quarter. Edgestream Partners L.P. now owns 373,771 shares of the company’s stock worth $4,354,000 after purchasing an additional 291,291 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Pagaya Technologies by 211.0% during the 1st quarter. Principal Financial Group Inc. now owns 375,212 shares of the company’s stock worth $4,371,000 after purchasing an additional 254,550 shares during the last quarter. Finally, Squarepoint Ops LLC raised its stake in shares of Pagaya Technologies by 614.7% during the 2nd quarter. Squarepoint Ops LLC now owns 252,036 shares of the company’s stock worth $4,600,000 after purchasing an additional 216,770 shares in the last quarter. Institutional investors own 57.14% of the company’s stock.

Analysts Set New Price Targets

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

More Pagaya Technologies News

Here are the key news stories impacting Pagaya Technologies this week:

• Positive Sentiment: Pagaya’s AI-driven lending platform is reportedly gaining scale, supported by record network volume, continued growth in its auto business and expanded funding capacity. These trends are expected to support profitability and the company’s outlook. Pagaya’s AI Lending Flywheel Gains Speed: What’s Next for PGY?
• Neutral Sentiment: Analyst coverage compares Pagaya with Enova International in the technology-enabled lending sector. Both companies face high borrowing costs, cautious lending standards and resilient credit demand, but their differing business models make the comparison more useful for evaluating relative risk and growth than as a direct company-specific catalyst. PGY vs. ENVA: Which Technology-Driven Lending Stock Is the Better Buy?
• Negative Sentiment: PGY underperformed the broader market in the latest session, indicating continued short-term volatility and market-related pressure rather than a clearly identified new fundamental problem. Pagaya Technologies Falls More Steeply Than Broader Market
• Negative Sentiment: President Sanjiv Das sold 13,301 shares and Director Tami Rosen sold 7,121 shares at an average price of $20.21. Both filings state the transactions were intended to cover tax-withholding obligations from vested equity awards, which makes them less concerning than discretionary sales but still adds an insider-selling signal for investors. Pagaya Technologies President Insider Filing

Pagaya Technologies Company Profile

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.