Thursday, February 22, 2018 10:15 PM ET
Insider Sale at Paylocity Holdings (PCTY) Continues Selling Trend
One insider — Steven I Sarowitz, 10% Owner and Director — today, sold 63,540 shares of Paylocity Holdings having a market value of approximately $2,869,918, as indicated in a form 4 document filed with the SEC. 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 130,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 193,540 shares and have averaged 64,513 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Paylocity Holdings is above its 100-company peer group average. The Software peer group saw 126 buy/sell trades during this period for an average of 1.3 transactions per company. However, the number of shares traded per transaction by Paylocity Holdings insiders is lower than its peers. Within the peer group there were 312,300 shares purchased and 14,570,710 shares sold with company insiders disposing of 113,162 shares on average over this time period.
The data used in creating 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.
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.
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