Pagaya Technologies Ltd. $PGY Shares Sold by Cwm LLC

Cwm LLC lowered its holdings in Pagaya Technologies Ltd. (NASDAQ:PGY) by 26.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,195 shares of the company’s stock after selling 2,995 shares during the quarter. Cwm LLC’s holdings in Pagaya Technologies were worth $175,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in Pagaya Technologies by 5,431.3% during the first quarter. GAMMA Investing LLC now owns 4,425 shares of the company’s stock worth $46,000 after buying an additional 4,345 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Pagaya Technologies by 9.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,361 shares of the company’s stock worth $130,000 after buying an additional 1,094 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Pagaya Technologies by 446.1% during the 1st quarter. Bank of New York Mellon Corp now owns 482,018 shares of the company’s stock worth $5,052,000 after acquiring an additional 393,752 shares in the last quarter. Bailard Inc. purchased a new stake in shares of Pagaya Technologies during the 1st quarter worth approximately $246,000. Finally, Archer Investment Corp purchased a new stake in shares of Pagaya Technologies during the 1st quarter worth approximately $129,000. 57.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Pagaya Technologies news, CFO Evangelos Perros sold 12,754 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $30.20, for a total transaction of $385,170.80. Following the sale, the chief financial officer directly owned 78,163 shares of the company’s stock, valued at $2,360,522.60. This trade represents a 14.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Sanjiv Das sold 4,783 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $30.20, for a total transaction of $144,446.60. Following the sale, the president directly owned 100,640 shares in the company, valued at $3,039,328. This represents a 4.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 95,081 shares of company stock valued at $3,475,010 in the last ninety days. Insiders own 47.59% of the company’s stock.

Pagaya Technologies Stock Down 2.0%

PGY opened at $27.91 on Thursday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.85. The firm has a market cap of $2.14 billion, a P/E ratio of -7.29 and a beta of 5.86. Pagaya Technologies Ltd. has a 52 week low of $8.20 and a 52 week high of $44.99. The business’s fifty day simple moving average is $33.62 and its 200 day simple moving average is $25.00.

Analysts Set New Price Targets

Several brokerages have recently commented on PGY. Weiss Ratings reissued a “sell (d-)” rating on shares of Pagaya Technologies in a research note on Tuesday, October 14th. B. Riley upped their target price on Pagaya Technologies from $46.00 to $54.00 and gave the company a “buy” rating in a report on Monday, August 11th. Zacks Research cut shares of Pagaya Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Wall Street Zen cut shares of Pagaya Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 30th. Finally, JMP Securities increased their price objective on shares of Pagaya Technologies from $26.00 to $35.00 and gave the company a “market outperform” rating in a research note on Monday, August 11th. Eight analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.33.

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.