$PAY

Analysts made several calls on Thursday. Goldman upgraded Sunbelt citing growth improvement. Wolfe reiterated Tesla as peer perform. Bernstein downgraded Palo Alto Networks, Okta, and SentinelOne due to valuation. Citizens upgraded JBHT to market outperform. Daiwa reiterated Nvidia as outperform but lowered its price target to $245. RBC initiated Kraft Heinz as outperform. Wells Fargo initiated several bitcoin miners as overweight. Barclays reinstated Paramount Skydance as underweight and Warner

Paymentus (PAY) outlined growth plans at the Goldman Sachs conference, targeting 20% revenue and 20-30% EBITDA growth. The company has 4-5% of the U.S. bill-payment market, with $1.4B-$1.5B in annual revenue. It highlighted AI-driven products, strong margins, and improving visibility. Management emphasized scale, security, and recurring revenue.

Paymentus (PAY) director Jason Klein acquired 400,022 Class B shares and 546 Class A shares via a pro rata distribution from Accel-KKR-affiliated funds. The Class B shares are convertible to Class A. Klein now indirectly holds 2,899,940 Class B and 1,496 Class A shares.

Paymentus Holdings (PAY) reported that Thomas Barnds, a 10% owner, transferred 11.5M shares internally via Accel-KKR entities. The transactions were in-kind distributions, not open-market sales. Post-transfer, Barnds holds 10.1M Class B shares and 2.3M Class A shares indirectly. The filing clarifies no beneficial ownership beyond pecuniary interest.

Paymentus (PAY) director Gregory Hyde Williams received 22,558 shares at $0.00 in a pro rata distribution from Accel-KKR funds, increasing his direct holdings to 188,384 shares. The transaction was exempt from Section 16 under Rule 16a-9(a) of the Securities Exchange Act of 1934.

Paymentus (PAY) shares fell 3.9% after Wolfe Research downgraded it to Peer Perform, citing valuation. The stock later recovered slightly to $38.66, down 3.2%. The company reported Q2 revenue of $360.7M and adjusted EBITDA of $48.8M, but management noted potential headwinds. PAY is up 35.8% YTD but 13.3% below its 52-week high.

Paymentus (PAY) director Gregory Hyde Williams received 33,145 shares of Class A Common Stock on August 17, 2026, through a pro rata distribution from Accel-KKR affiliated funds. The shares were valued at $0.00 per share. Williams now directly holds 165,826 shares. The transaction was exempt under Rule 16a-9(a) of the Securities Exchange Act of 1934.

Paymentus (PAY) director Jason Klein indirectly acquired 328,915 Class B and 950 Class A shares via a trust in a pro rata distribution from Accel-KKR funds. The transaction was exempt under Rule 16a-9(a). Klein now holds 2,499,918 Class B and 950 Class A shares indirectly. Class B shares are convertible to Class A at any time.

Paymentus (PAY) 10% owner Thomas Barnds sold 40,518 shares. The transaction involved multiple classes of common stock, with no monetary value disclosed. Barnds retains significant holdings indirectly.

Paymentus (PAY) director Robert Palumbo moved 12M shares in in-kind distributions among Accel-KKR funds on August 17, 2026, without cash sales. Palumbo retains 7.18M direct Class B shares and indirect holdings. The transactions were restructuring-type dispositions, not open-market sales.