The cluster is 100% selling with C-suite participation (CFO, CRO), which per academic literature is a modestly bearish signal for software stocks. Monitor next 10-Q for any guidance revision or operational weakness.
Price Chart
Executive Summary
Five Paylocity insiders, including the CFO and Chief Revenue Officer, sold a total of $1.09M in shares over a one-week window. The cluster is 100% selling, with the CFO and CRO accounting for ~85% of the total value. While the dollar amount is modest relative to the $8.1B market cap (~0.013%), the concentration of C-suite sales warrants attention as a potential signal of insider sentiment ahead of the next earnings report.
Key Financial Metrics
Key Facts
- Five insiders sold a total of $1.09M in shares between Aug 17-24, 2026.
- CFO Ryan Glenn sold 3.3K shares for $501K; SVP CRO Joshua Scutt sold 2.8K shares for $421K.
- Total sales represent ~0.013% of Paylocity's $8.1B market cap.
- All five transactions were open-market sales (code S); no insider purchases occurred in the window.
- The cluster includes the CFO and Chief Revenue Officer, the two highest-ranking executives involved.
Financial Impact
Total insider sales of $1.09M, or ~0.013% of market cap. Modest in absolute terms but notable for C-suite concentration.
Risk Factors
- Insider sales may be liquidity-driven (10b5-1 plans, tax planning) rather than informational.
- Small cluster size relative to market cap limits signal strength; could be noise.
- No insider purchases to offset the selling signal.
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-1787810822644 |
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
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers