Wednesday, February 14, 2018 10:15 PM ET
Insider Selling in Paylocity Holdings (PCTY) Shares Continues
There was a notable sale of shares of Paylocity Holdings by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Michael R Haske, Officer — disposed of 25,000 shares in the company having a market value of approximately $1,084,275. 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 disposition of 1,351,142 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,376,142 shares and have averaged 344,036 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Paylocity Holdings is above the 100-company peer group average. Software peer group saw 138 buy/sell trades during this period for an average of 1.4 transactions per company. The number of shares per buy/sell trade for Paylocity Holdings insiders was also higher. Within the peer group there were 279,300 shares purchased and 16,928,797 shares sold with company insiders having sold 120,649 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 obtained in composing and writing this story.
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