Insider Sales at Paylocity Holdings (PCTY) Extends the Selling Trend of Last Quarter

Tuesday, November 14, 2017 10:15 PM ET

Insider Sales at Paylocity Holdings (PCTY) Extends the Selling Trend of Last Quarter

There was substantial level of selling of Paylocity Holdings shares today, as disclosed in filings with the SEC. Two insiders — Steven R Beauchamp, Director and Officer, and Michael R Haske, Officer — disposed of 75,000 shares in the company having a market value of approximately $3,507,000. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 1,185,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,260,000 shares and have averaged 315,000 shares per transaction over this time period.

In relation to the peer group over the last 90 days, insider buy/sell trading at Paylocity Holdings is greater than the 96-company peer group average. Software peer group saw 152 buy/sell trades during this period for an average of 1.6 transactions per company. The number of shares per buy/sell trade for Paylocity Holdings insiders was also higher. Within the peer group there were 1,294,605 shares purchased and 2,783,582 shares sold with company insiders having sold 9,796 shares on average.

Significant insider buying and selling activity has been determined by eliminating 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 in data sourced in creating and writing this story.

Today’s Insider Activity
* Steven R Beauchamp, Director and Officer, sold 50,000 shares
* Michael R Haske, Officer, sold 25,000 shares

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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