Tuesday, November 21, 2017 10:15 PM ET
Significant Insider Selling Continues at Paylocity Holdings (PCTY)
A significant insider sale of the shares of Paylocity Holdings was disclosed in a form 4 document filed with the SEC today, showing — Steven I Sarowitz, 10% Owner and Director — sold 1,296,142 shares in the company having a market value of approximately $59,803,992. There have been 2 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 105,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,401,142 shares and have averaged 467,047 shares per transaction over this time period.
Insider buy/sell trading at Paylocity Holdings is higher than the 97 peer company average over the last 90-day period. The Software peer group saw 161 buy/sell trades during this period for an average of 1.7 transactions per company. The number of shares per buy/sell trade for Paylocity Holdings insiders was also higher. Within the peer group there were 1,216,105 shares purchased and 3,798,999 shares sold with company insiders having sold 16,043 shares on average.
The data used in composing and writing in this story eliminates 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.
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