Wednesday, March 07, 2018 10:15 PM ET
Insiders Make Significant Stock Sales in Paylocity Holdings (PCTY) Shares Extending the Trend of Last Quarter
There was a notable level of insider selling reported today in filings with the SEC for Paylocity Holdings. Two insiders — Steven R Beauchamp, Director and Officer, and Michael R Haske, Officer — disposed of 55,000 shares in the company for approximately $2,751,100. There have been 3 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 210,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 265,000 shares and have averaged 53,000 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Paylocity Holdings is greater than its 100-company peer group average. The Software peer group saw 132 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 464,089 shares purchased and 14,434,028 shares sold with company insiders disposing of 105,833 shares on average over this time period.
In order to focus on 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 data obtained to compose and write this story.
Today’s Insider Activity
* Steven R Beauchamp, Director and Officer, sold 30,000 shares
* Michael R Haske, Officer, sold 25,000 shares
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