PJT PJT Partners Inc. Insider Trading

PJT CFO Helen Meates sells $1.2M worth of shares as stock rebounds from recent weakness

Helen Meates, PJT's Chief Financial Officer, sold 8,000 shares worth $1.2 million—roughly 12% of her holdings—as the stock recovered from a recent multi-month pullback. The timing is notable: the sale comes after PJT's stock rebounded sharply over the past month, pushing it off its recent lows but still well short of where it traded earlier in the year. PJT itself is financially healthy, with profitable operations, growing revenue, and strong recent quarterly performance, which limits concerns that the CFO is abandoning a sinking ship. However, a CFO selling a meaningful stake during a recovery phase—particularly after a sharp one-month bounce—can suggest tactical profit-taking after weakness rather than conviction in further upside. This sale by itself is not alarming, but it fits a pattern where executives trim positions into strength rather than add on weakness.

PJT Partners director Cornwell Kievdi Don sold 20,000 shares (69.3% of holdings) in 4 transactions for $3.0M

Director Cornwell Kievdi Don executed 4 separate sales totaling 20,000 shares for $3,013,394.23 at a blended average price of $150.67 over two trading days (May 29–30), reducing his holdings from 28,847 shares to 8,847 shares. The scale of the divestiture—a 69.3% reduction in position—is material. His prior 3 open-market sales at PJT occurred in August 2024 at prices ranging near $151–$152; the current blended average of $150.67 is nearly identical to those prior exits, and all three of those earlier August sales produced positive 90-day returns, meaning the stock rose after he sold—a poorly-timed pattern by the metrics of sell-side investors. This latest sale occurs while the stock is trading near its blended transaction price, approximately 15.2% below the 52-week high of $177.59, suggesting neither a peak-exit signal nor a capitulatory low; the company's fundamentals remain strong with $324.5M quarterly revenue, 29.5% annual growth, and a P/E of 23.99. The timing and scale warrant attention to whether this represents a material liquidity event or reflects broader positioning by the director.

PJT Partners General Counsel Travin David Adam sold 5,000 shares at $141.74 on 2025-05-02; 2.3K shares remain post-sale.

Travin David Adam, serving as General Counsel, sold 5,000 shares (68.6% of pre-transaction holdings) for total proceeds of $708,700.00. The transaction occurred at $141.74, which is 19.2% below the 52-week high of $177.59, and the stock is currently trading at $143.51. PJT Partners posted strong fundamentals in its latest quarter with revenue of $324,531,000.00 and net income of $54,016,000.00, alongside 29.5% annual revenue growth. The sale is material relative to the executive's holdings but occurs within a stock that remains reasonably valued near its 90-day range despite a 13.0% decline over that period.

Managing Partner Lee Ji-Yeun sold 10,000 shares of PJT for $1.2M at blended avg $118.85 on 2024-09-03

Lee Ji-Yeun conducted five separate sales totaling 10,000 shares for $1,188,456.93 on 2024-09-03, reducing holdings by 14.0% from 71,433 to 61,433 shares. The sales occurred at prices ranging from $118.34 to $122.50, with a blended average of $118.85—above the current price of $116.84 but within the 52-week range of $71.72–$132.94. PJT's fundamentals show revenue of $360,181,000.00 and net income of $28,316,000.00 with annual growth of 12.4%, and the stock is trading at P/E 28.09. Looking at his same-ticker history, Lee's five prior sells at PJT posted positive 90-day returns (ranging from +1.5% to +15.8%), indicating those earlier sales occurred before subsequent price appreciation—a pattern of poorly-timed exits at this ticker. The current filing shows no 10b5-1 flag, so timing context is relevant; however, this sale's timing versus forward returns remains to be observed.

Director Cornwell sold 15,585 shares ($1.9M) in 3 transactions; holdings reduced 86.9% to 2,340 shares

Director Cornwell Kievdi Don executed 3 separate sales totaling 15,585 shares for $1,923,523.63 on 2024-08-29 and 2024-08-30, with a blended average price of $123.42. This represents a dramatic reduction in his direct stake—from 17,925 shares to 2,340 shares (86.9% reduction), leaving him with minimal holdings at PJT. The sales occurred when the stock was trading within its 52-week range (current price $123.50, range $71.72–$132.94), with the company posting solid fundamentals: $360.2M in latest quarterly revenue, +12.4% annual growth, and $28.3M net income, though a P/E of 29.69 reflects elevated valuation. The near-complete liquidation of a director's position is a material shift that warrants scrutiny into his future involvement or confidence posture.