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Director Dan Petrozzo of Pagaya Technologies Ltd (NASDAQ:PGY) sold 8,484 shares of Class A Ordinary Shares on July 18, 2025, at a price of $30.15, for a total transaction value of $255,792. The sale comes as PGY trades near its 52-week high of $29.85, having delivered an impressive return of over 235% in the past six months. According to InvestingPro analysis, the stock currently shows signs of being overbought.
Following the transaction, Petrozzo directly owns 96,278 shares of Pagaya Technologies Ltd. The sale was executed under a pre-arranged 10b5-1 trading plan. With the company’s next earnings report due on August 7, 2025, InvestingPro subscribers can access comprehensive insider trading analysis and 13 additional ProTips to make more informed investment decisions.
In other recent news, Pagaya Technologies reported preliminary second-quarter 2025 results, surpassing expectations with a projected total revenue of approximately $326 million. This figure exceeds the company’s prior guidance range and reflects strong network performance, with network volume expected to reach around $2.6 billion. Additionally, Pagaya anticipates a GAAP net income of about $17 million, significantly higher than previous forecasts. Benchmark responded to these results by raising its price target for Pagaya to $42, maintaining a Buy rating due to the strong performance. Citi also increased its price target to $40, citing network growth and increased exposure to buy-now-pay-later services as positive factors. JMP Securities reiterated its Market Outperform rating, noting the potential for significant margin improvement in the future. In a strategic move, Pagaya expanded its partnership with Castlelake through a $2.5 billion loan deal, doubling their previous agreement and enhancing Pagaya’s funding infrastructure. These developments highlight Pagaya’s ongoing efforts to optimize its financial strategies without the need for additional equity capital.
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