This cluster is too small in dollar terms to warrant a trading signal. The sales appear liquidity-driven following a large equity grant to the Executive Chairman. Monitor for any upcoming earnings or material news, but this filing alone does not indicate insider concern.
Price Chart
Executive Summary
Two Paylocity insiders (Executive Chairman and a Director/10% Owner) sold a combined $806K in open-market shares over a two-day window. The Executive Chairman also received a large non-cash grant of ~27K shares on the same day, which may have triggered the sales for tax or diversification purposes. The total dollar value is only ~0.01% of the $7.7B market cap, making this a trivial cluster with no material signal.
Key Financial Metrics
Key Facts
- Executive Chairman Steven Beauchamp sold ~$177K worth of shares on 2026-08-14.
- Director/10% Owner Steven Sarowitz sold ~$612K worth of shares on 2026-08-13.
- Beauchamp also received a non-cash grant of 27,000 shares on 2026-08-14, which likely motivated the sales.
- Total cluster value of $806K represents ~0.01% of PCTY's $7.7B market cap, well below the 0.1% materiality threshold.
- SVP Josh Scutt sold a trivial $17K on 2026-08-13, rounding out the cluster.
Financial Impact
Total insider sales of $806K, or ~0.01% of market cap — immaterial.
Risk Factors
- Insider sales could accelerate if the stock price continues to rise, but current volume is negligible.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PCTY-1787120247182 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | Insider Cluster | $176.46 | awaiting T+1 | — | $176.46 (+0.00%) |
Oct 23, 2026 3d ago | Institutional Cluster | $177.19 $176.46 | ▼ −0.41% | ▼ −1.12% | $176.46 (−0.41%) |
Oct 22, 2026 4d ago | DEFA14A / DEF 14A | $177.67 $177.19 | ▼ −0.27% | ▲ +0.25% | $176.46 (−0.68%) |
Oct 22, 2026 5d ago | Insider Cluster | $177.19 $176.46 | ▲ +0.41% | ▲ +1.12% | $176.46 (+0.41%) |
Oct 21, 2026 5d ago | Insider Cluster | $177.67 $177.19 | ▲ +0.27% | ▼ −0.25% | $176.46 (+0.68%) |
Oct 19, 2026 8d ago | Insider Cluster | $170.06 $169.33 | ▲ +0.43% | ▲ +0.95% | $176.46 (−3.76%) |
Oct 16, 2026 10d ago | Insider Cluster | $166.17 $170.06 | ▲ +2.34% | ▲ +2.01% | $176.46 (+6.19%) |
Sep 10, 2026 6w ago | Press Release | $142.86 $141.66 | ▼ −0.84% | ▼ −1.69% | $176.46 (+23.52%) |
Sep 9, 2026 6w ago | Insider Cluster | $142.86 $141.66 | ▼ −0.84% | ▼ −1.69% | $176.46 (+23.52%) |
Sep 1, 2026 7w ago | Insider Cluster | $154.29 $154.29 | · 0.00% | ▼ −1.05% | $176.46 (+14.37%) |
US Market Status
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