Pagaya Technologies (PGY)

Pagaya US Holding Company LLC • Pagaya Investments SARL • Pagaya Investment Israel Ltd. • Rigel Merger Sub Inc. • Pagaya SP-1 Ltd. • Pagaya Investments US LLC • Pagaya Technologies US LLC • PREF 2019 LLC • Asset Acquisition Capital LLC • Citrus Tree Finance LLC ...

PGY stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$16.83

Low target

$11.00

High target

$25.00

Latest filings (excl ownership)

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8-K

Departure of Directors or Certain Officers

23 Dec 24

8-K

Amendments to Articles of Incorporation or Bylaws

12 Dec 24

EFFECT

Notice of effectiveness

9 Dec 24

8-K

Departure of Directors or Certain Officers

4 Dec 24

F-3

Shelf registration (foreign)

12 Nov 24

Results of Operations and Financial Condition

12 Nov 24

8-K

On a combined basis, the company now has access to more than $3 billion of fund capital to support strong investor demand

28 Oct 24

DEFA14A

Additional proxy soliciting materials

Transcripts

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PGY

Earnings call transcript

2024 Q3

12 Nov 24

PGY

Earnings call transcript

2024 Q2

9 Aug 24

PGY

Earnings call transcript

2024 Q1

9 May 24

PGY

Earnings call transcript

2023 Q4

21 Feb 24

PGY

Earnings call transcript

2023 Q3

2 Nov 23

PGY

Earnings call transcript

2023 Q2

10 Aug 23

PGY

Earnings call transcript

2023 Q2

10 Aug 23

PGY

Earnings call transcript

2023 Q1

16 May 23

PGY

Earnings call transcript

2022 Q4

15 Feb 23

Latest ownership filings

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Tami Rosen

7 Feb 25

144

Notice of proposed sale of securities

Financial summary

Financial statements Chart PGY financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 23	Dec 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	181.05 mm	181.05 mm	181.05 mm	181.05 mm	181.05 mm	181.05 mm
Cash burn (monthly)	28.96 mm	3.46 mm	28.59 mm	16.30 mm	24.74 mm	13.04 mm
Cash used (since last report)	125.61 mm	15.00 mm	123.98 mm	70.68 mm	107.32 mm	56.56 mm
Cash remaining	55.44 mm	166.05 mm	57.07 mm	110.36 mm	73.73 mm	124.49 mm
Runway (months of cash)	1.9	48.0	2.0	6.8	3.0	9.5

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

PGY institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	118	104	+13.5%
Opened positions	39	40	-2.5%
Closed positions	25	16	+56.3%
Increased positions	48	30	+60.0%
Reduced positions	19	21	-9.5%

13F shares	Current	Prev Q	Change
Total value	193.82 bn	176.68 bn	+9.7%
Total shares	185.61 mm	181.44 mm	+2.3%
Total puts	1.19 mm	454.55 k	+162.3%
Total calls	1.81 mm	1.25 mm	+45.3%
Total put/call ratio	0.7	0.4	+80.6%

Largest owners	Shares	Value	Change
Oak HC/FT Partners Ii	65.68 mm	$697.48 mm	0.0%
Levinson Sam	51.62 mm	$0.00	0.0%
GIC Private	48.51 mm	$51.91 mm	0.0%
BlackRock	3.87 mm	$40.86 bn	NEW
Clal Insurance Enterprises	1.41 mm	$14.95 mm	-19.6%
MS Morgan Stanley	1.41 mm	$14.93 bn	+82.1%
Intrinsic Edge Capital Management	830.00 k	$8.77 bn	+167.7%
Nuveen Asset Management	823.41 k	$8.70 bn	-22.3%
STT State Street	763.82 k	$8.07 bn	+14.6%
Allspring Global Investments	744.35 k	$7.87 bn	-35.4%

Largest transactions	Shares	Bought/sold	Change
BlackRock	3.87 mm	+3.87 mm	NEW
BLK BlackRock	0.00	-3.34 mm	EXIT
MS Morgan Stanley	1.41 mm	+636.77 k	+82.1%
Yarra Square Partners	0.00	-619.35 k	EXIT
Marshall Wace	628.85 k	+556.83 k	+773.2%
Intrinsic Edge Capital Management	830.00 k	+520.00 k	+167.7%
Squarepoint Ops	516.92 k	+409.14 k	+379.6%
Allspring Global Investments	744.35 k	-408.66 k	-35.4%
GS The Goldman Sachs Group, Inc.	664.44 k	+379.56 k	+133.2%
Manatuck Hill Partners	500.00 k	+358.70 k	+253.9%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

PGY insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
7 Feb 25	Rosen Tami	Class A Ordinary Share	Sell	Dispose S	No	Yes	12.18	9,846	119.92 k	73,550
3 Feb 25	Rosen Tami	Class A Ordinary Share	Sell	Dispose S	No	No	9.28	5,779	53.63 k	83,396
31 Jan 25	Rosen Tami	Class A Ordinary Share	Grant	Acquire A	No	No	0	15,625	0.00	89,175
31 Jan 25	Rosen Tami	RSU Class A Ordinary Share	Option exercise	Dispose M	No	No	0	15,625	0.00	0
17 Jan 25	Sanjiv Das	Class A Ordinary Share	Sell	Dispose S	No	No	8.85	7,282	64.45 k	91,163
16 Jan 25	Sanjiv Das	Class A Ordinary Share	Grant	Acquire A	No	No	0	22,917	0.00	98,445
16 Jan 25	Sanjiv Das	RSU Class A Ordinary Share	Option exercise	Dispose M	No	No	0	22,917	0.00	68,748
2 Jan 25	Sanjiv Das	Class A Ordinary Share	Sell	Dispose S	No	No	9.97	6,343	63.24 k	75,528
2 Jan 25	Evangelos Perros	Class A Ordinary Share	Sell	Dispose S	No	No	9.97	21,305	212.41 k	54,029
1 Jan 25	Sanjiv Das	Class A Ordinary Share	Grant	Acquire A	No	No	0	17,077	0.00	81,871