PJT Partners Inc. (PJT) Insider, 13F Hedge Fund & Politician Buy/Sell Thermometer

Per the Roarable RQD rating, PJT scores 66 out of 100 (letter grade C+, verdict "Roarable Hold — Upper Neutral / Watch for Breakout"). The five pillars are: Fundamental Cash Engine 16/20 (ROIC 34.8%; FCF yield 7.71%), Whale 13F Flow 10/20 (institutional accumulation and options positioning), Insider Conviction 17/20 (SEC Form 4 and Congressional PTR cluster flow), Macro Regime Fit 8/20 (Beta 1.08; sector sensitivity), and Forensic Balance Sheet 15/20 (Altman Z 2.5; Piotroski F 8/9; Debt/Equity 0.5).

For a prospective investor, the strongest pillar is insider conviction, which the rating treats as the highest-weighted support in the framework. Cash generation and return on capital are also solid per the same rating. The weakest pillars are macro regime fit and institutional flow, which indicate that the stock's sensitivity to broader market and sector conditions, and the current pattern of institutional positioning, are less supportive than the company-level metrics. The verdict's "Watch for Breakout" language signals the rating sees the stock as neutral-to-constructive rather than a clear buy or sell. Valuation is a real tradeoff: per the market data, P/E (TTM) is 34.6 and EV/EBITDA is 23.4, which are demanding multiples relative to the earnings base, so upside depends on continued growth delivering into those multiples. Forward P/E of 29.1 suggests the market expects earnings to rise.

PJT Partners Inc. is a NYSE-listed company classified by the source data under the Financials sector and the Investment Managers industry. The profile identifies it as an issuer operating in that industry with a market capitalization of $6.2B. Not available in source data for detailed product lines, customer segments, or revenue mix. The source data does not describe the specific services sold or the client base.

Per the SEC financials, revenue rose from $1146.3M (FY 2023) to $1696.7M (FY 2025), and net income rose from $81.8M to $180.1M over the same span. Per the market data, the operating margin is 13% and net margin is 10.6%; gross margin is listed as 0%. Per the Roarable RQD rating, ROIC is 34.8%, Altman Z is 2.5, and Piotroski F is 8/9. Debt fell from $802.1M (FY 2023) to $375.4M (FY 2025), and Debt/Equity is listed at 0.5 in the rating. FY 2025 cash of $538.9M exceeded debt of $375.4M.

The news wire contains six items, all tagged as catalysts. Headlines reference a Yahoo Finance report describing the stock "withering on Wednesday" (published roughly 1 hour before the data timestamp, and repeated via AOL.com), a Seeking Alpha piece titled "PJT Partners: Downgrade To Sell On Weakening M&A Activity," and two reports (CNBC, Investing.com, citing WSJ) that JetBlue creditors are working with PJT Partners as a restructuring adviser. The Seeking Alpha headline is a risk watch item, indicating a downgrade citing weaker M&A activity. The JetBlue restructuring-adviser reports are a potential business-development catalyst. The aggregated summaries are generic and do not disclose the substance of the downgrade or the size of any engagement. Per the Butterfly Supply-Chain Graph, no supply-chain links or proprietary signals are recorded.

Per the Butterfly Supply-Chain Graph, the supply chain is recorded as "NONE," with no butterfly links and no proprietary signals. Not available in source data for upstream or downstream dependencies, sector correlations, or second-order bottlenecks. The one relationship referenced in the news wire is the JetBlue creditor restructuring engagement, which suggests exposure to corporate restructuring and M&A-driven advisory activity; the Seeking Alpha headline links the stock's outlook to M&A activity. An investor should watch whether M&A volume trends affect the company's revenue trajectory, though the source data does not quantify that sensitivity.

• What is the size and scope of the downgrade cited in the Seeking Alpha headline, and what specific M&A activity weakness does it reference?
• What is the scale and fee structure of the JetBlue restructuring-adviser engagement?
• What are the company's gross margin and EPS for reported periods, given that gross margin is listed as 0% and EPS for all three periods is N/A?
• What is the revenue mix and client concentration across PJT's advisory businesses?
• What insider, 13F, and Congressional transactions underlie the rating's insider and whale-flow pillars?