Is this U.S.-China selloff a buy? A top Wall Street voice weighs in
Chief Financial Officer of Pagaya Technologies Ltd (NASDAQ:PGY), Evangelos Perros, sold 11,553 shares of Class A Ordinary Shares on September 15, 2025, at a price of $40.62, totaling $469,282. The sale comes as PGY trades near its 52-week high of $42.25, with the stock showing remarkable momentum, up over 340% year-to-date. According to InvestingPro data, analysts maintain a bullish outlook on the $3.18 billion fintech company, though technical indicators suggest the stock is currently overbought.
According to a Form 4 filing with the Securities and Exchange Commission, Perros also exercised options to acquire 20,625 shares of Class A Ordinary Shares at a price of $0.00 on September 12, 2025. These shares were acquired through the vesting of Restricted Stock Units. Want deeper insights into insider trading patterns and 12+ additional ProTips for PGY? Check out the comprehensive research report available on InvestingPro.
In other recent news, Pagaya Technologies reported a robust performance for the second quarter of 2025, significantly surpassing earnings expectations. The company posted an earnings per share of $0.64, well above the forecasted $0.13. Revenue also exceeded projections, reaching $326 million compared to the anticipated $311.96 million. Following these results, JMP Securities raised its price target for Pagaya to $35 from $26, maintaining a Market Outperform rating. Keefe, Bruyette & Woods also increased their price target on Pagaya to $38 from $27, citing a "record setting quarter" with a 14% year-over-year volume growth that surpassed Street expectations by 4%. Additionally, Pagaya’s management has raised its full-year 2025 guidance across all metrics. These developments reflect the company’s strong financial performance and positive outlook from analysts.
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