Sales are small and likely routine portfolio diversification. Monitor next 10-Q for any fundamental deterioration that might have prompted the sales, but no immediate action warranted.
Price Chart
Executive Summary
Two insiders at Paylocity, including the Executive Chairman and a 10% owner, sold a combined $1.24M in open-market sales over two days. The sales are modest relative to market cap and lack a 10b5-1 plan indication, but the dollar value is below the 0.1% materiality threshold for a bearish signal.
Key Financial Metrics
Key Facts
- Executive Chairman Steven R. Beauchamp sold 1,400 shares for $230K on 2026-10-15.
- Director and 10% owner Steven I. Sarowitz sold 6,100 shares for $1.01M on 2026-10-15.
- Total insider sales of $1.24M represent less than 0.1% of Paylocity's market cap.
- No 10b5-1 plan indication was provided for either sale.
Financial Impact
Total insider sales of $1.24M, negligible relative to company size.
Risk Factors
- Insider sales could precede a negative catalyst if the pattern accelerates.
- Lack of 10b5-1 plan disclosure leaves open the possibility of opportunistic selling.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PCTY-1792182231018 |
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% | $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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