Insider Sale at Paylocity Holdings (PCTY) Continues Selling Trend

Wednesday, October 04, 2017 10:15 PM ET

Insider Sale at Paylocity Holdings (PCTY) Continues Selling Trend

A SEC filing today revealed a notable insider sale of Paylocity Holdings shares as — Steven R Beauchamp, Director and Officer — sold 24,530 shares in the company having a market value of approximately $1,232,403. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 1,446,346 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,470,876 shares and have averaged 367,719 shares per transaction over this time period.

During the last 90 days, the number of insider buy/sell trades at Paylocity Holdings is higher than the 93-company peer group average. Software peer group saw 167 buy/sell trades during this period for an average of 1.8 transactions per company. The number of shares per buy/sell trade for Paylocity Holdings insiders was also higher. Within the peer group there were 1,284,871 shares purchased and 10,356,340 shares sold with company insiders disposing of 54,320 shares on average.

To bring into focus significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated in data used to compose and write this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

For more information, contact UpTick at info@uptickdata.com. Copyright 2017 UpTick Data Technologies. All rights reserved.

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