Insider Sale at PJT Partners Inc (PJT): Director Emily Rafferty Sells Shares

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On August 1, 2024, Director Emily Rafferty sold 1,696 shares of PJT Partners Inc (PJT, Financial), as reported in a recent SEC Filing. Following this transaction, the insider now owns 7,404 shares of the company.

PJT Partners Inc is a global advisory-focused investment bank. The firm offers strategic advisory, restructuring and special situations, and fund placement services to corporations, financial sponsors, institutional investors, and governments.

Over the past year, Emily Rafferty has engaged in several transactions involving PJT shares, selling a total of 1,696 shares and purchasing none. This recent sale continues a trend observed over the past year at PJT Partners Inc, where insider activity has included 5 sales and no purchases.

Shares of PJT Partners Inc were priced at $130.79 on the day of the sale. The company currently holds a market cap of approximately $2.94 billion. The price-earnings ratio stands at 32.01, which is above both the industry median of 18.45 and the company's historical median.

The stock's valuation metrics show a GF Value of $91.11, leading to a price-to-GF-Value ratio of 1.44, indicating that the stock is Significantly Overvalued.

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The GF Value is calculated considering historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.

This sale by Director Emily Rafferty provides an insight into the recent insider transactions at PJT Partners Inc, reflecting a broader trend of insider sales over the past year.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.