Pagaya Technologies Ltd. (NASDAQ:PGY) CEO Buys $348,096.00 in Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) CEO Gal Krubiner bought 33,600 shares of the stock in a transaction dated Thursday, April 4th. The stock was purchased at an average price of $10.36 per share, with a total value of $348,096.00. Following the purchase, the chief executive officer now owns 523,076 shares in the company, valued at $5,419,067.36. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Pagaya Technologies Price Performance

PGY stock opened at $11.14 on Wednesday. Pagaya Technologies Ltd. has a twelve month low of $8.90 and a twelve month high of $33.96. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 0.49. The firm has a market cap of $657.82 million, a PE ratio of -5.16 and a beta of 6.67. The business has a 50 day moving average of $13.39 and a 200 day moving average of $15.08.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PGY. JMP Securities lowered their target price on Pagaya Technologies from $30.00 to $25.00 and set a “market outperform” rating for the company in a research note on Monday. Wedbush lowered their target price on Pagaya Technologies from $18.00 to $11.50 and set a “neutral” rating for the company in a research note on Friday, March 15th. Canaccord Genuity Group restated a “buy” rating and issued a $42.00 target price on shares of Pagaya Technologies in a research note on Thursday, February 22nd. Finally, Jefferies Financial Group initiated coverage on Pagaya Technologies in a research report on Thursday, December 14th. They set a “buy” rating and a $30.00 price objective for the company. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.08.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ARK Investment Management LLC bought a new stake in shares of Pagaya Technologies in the 3rd quarter worth $1,482,000. Capricorn Fund Managers Ltd bought a new stake in shares of Pagaya Technologies in the 3rd quarter worth $2,436,000. Raymond James & Associates increased its holdings in shares of Pagaya Technologies by 43.5% in the 3rd quarter. Raymond James & Associates now owns 131,967 shares of the company’s stock worth $209,000 after purchasing an additional 40,000 shares in the last quarter. Pathstone Family Office LLC bought a new stake in shares of Pagaya Technologies in the 3rd quarter worth $32,000. Finally, National Bank of Canada FI increased its holdings in shares of Pagaya Technologies by 44.6% in the 3rd quarter. National Bank of Canada FI now owns 45,664 shares of the company’s stock worth $69,000 after purchasing an additional 14,092 shares in the last quarter. Institutional investors own 57.14% of the company’s stock.

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.