Following the sale, Das holds 75,528 shares directly. The sale was conducted to satisfy tax withholding obligations resulting from the vesting of a compensatory award. While the company isn't currently profitable, analysts tracked by InvestingPro expect profitability this year, with an EPS forecast of $1.06 for FY2024. For deeper insights into insider trading patterns and comprehensive financial analysis, investors can access the detailed Pro Research Report available on InvestingPro. While the company isn't currently profitable, analysts tracked by InvestingPro expect profitability this year, with an EPS forecast of $1.06 for FY2024. For deeper insights into insider trading patterns and comprehensive financial analysis, investors can access the detailed Pro Research Report available on InvestingPro. Following the sale, Das holds 75,528 shares directly. The sale was conducted to satisfy tax withholding obligations resulting from the vesting of a compensatory award.
In other recent news, Pagaya (NASDAQ:PGY) Technologies has reported substantial financial growth in their 3Q 2024 earnings call, with an annual revenue rate nearing $1 billion and an adjusted EBITDA of $220 million. The company is aiming for GAAP profitability by 2025, backed by significant growth in loans, customer acquisition, and partner relationships. UBS has resumed coverage on Pagaya Technologies, issuing a neutral rating while seeking clarity on credit impairments.
Furthermore, Pagaya's shareholders approved key corporate changes including the phased declassification of the board of directors and amendments related to executive officer employment. The company has also appointed Cory Vieira as Chief Accounting Officer. Vieira, a seasoned professional with experience at BHG Financial, American Express (NYSE:AXP), and GE Capital, is expected to play a crucial role as the company aims for profitability in 2024.
These are recent developments that follow a strong financial performance by Pagaya Technologies, with the company demonstrating an annual revenue growth of 23.4%, reaching $970.9 million. Analysts from InvestingPro project approximately 14% compound annual growth rate (CAGR) from 2025 to 2027, based on an improving lending environment and an expanding partner pipeline.
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