The insider selling is too small in dollar terms to warrant a bearish read on PCTY. Monitor next earnings (likely late October) for any guidance revision, but this cluster alone does not signal deteriorating fundamentals.
Price Chart
Executive Summary
A cluster of 7 Paylocity insiders, including the Executive Chairman, CEO, and CFO, sold a total of ~$1.18M in open-market shares over a one-week window. The selling is broad-based across C-suite and board, but the total dollar value is only ~0.015% of the $8.1B market cap, making it trivial relative to company size. This is likely routine portfolio diversification or tax-related selling, not a bearish signal on fundamentals.
Key Financial Metrics
Key Facts
- 7 insiders sold shares totaling ~$1.18M in open-market transactions over Aug 13-20, 2026.
- Sellers include Executive Chairman Steven Beauchamp ($452K), CFO Ryan Glenn ($501K), and CEO Toby Williams ($15K).
- Total open-market sales represent ~0.015% of Paylocity's $8.1B market cap — a trivial amount.
- The cluster also includes non-cash tax-withholding transactions (CEO: $3.0M, CFO: $891K) which are not economic sales.
Financial Impact
Open-market insider sales of ~$1.18M, or ~0.015% of market cap. Non-cash tax-withholding of ~$4.15M is not economically meaningful.
Risk Factors
- Insider selling could accelerate if insiders perceive headwinds ahead of earnings.
- The broad-based nature (Executive Chairman, CEO, CFO all selling) could be misinterpreted as a negative signal by the market.
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-1787379038279 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | Insider Cluster | — | awaiting T+1 | — | — |
Oct 23, 2026 3d ago | Institutional Cluster | $177.19 $176.46 | ▼ −0.41% | ▼ −1.12% | $177.19 (+0.00%) |
Oct 22, 2026 4d ago | DEFA14A / DEF 14A | $177.67 $177.19 | ▼ −0.27% | ▲ +0.25% | $177.19 (−0.27%) |
Oct 22, 2026 5d ago | Insider Cluster | $177.19 $176.46 | ▲ +0.41% | ▲ +1.12% | $177.19 (−0.00%) |
Oct 21, 2026 5d ago | Insider Cluster | $177.67 $177.19 | ▲ +0.27% | ▼ −0.25% | $177.19 (+0.27%) |
Oct 19, 2026 8d ago | Insider Cluster | $170.06 $169.33 | ▲ +0.43% | ▲ +0.95% | $177.19 (−4.19%) |
Oct 16, 2026 10d ago | Insider Cluster | $166.17 $170.06 | ▲ +2.34% | ▲ +2.01% | $177.19 (+6.63%) |
Sep 10, 2026 6w ago | Press Release | $142.86 $141.66 | ▼ −0.84% | ▼ −1.69% | $177.19 (+24.03%) |
Sep 9, 2026 6w ago | Insider Cluster | $142.86 $141.66 | ▼ −0.84% | ▼ −1.69% | $177.19 (+24.03%) |
Sep 1, 2026 7w ago | Insider Cluster | $154.29 $154.29 | · 0.00% | ▼ −1.05% | $177.19 (+14.84%) |
US Market Status
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