The cluster is too small to signal anything about PCTY's fundamentals. Monitor the next 10-Q for any guidance changes or operational shifts, but this filing alone does not warrant a trading response.
Price Chart
Executive Summary
Two Paylocity insiders, including director/10% owner Steven Sarowitz, sold a total of $627K in shares over a one-week window. Sarowitz's $617K sale is the dominant trade, but at 0.008% of PCTY's $7.6B market cap, the cluster is economically trivial and likely reflects routine portfolio diversification rather than a bearish signal.
Key Financial Metrics
Key Facts
- Director/10% owner Steven Sarowitz sold 3,900 shares for $617K on 2026-08-28.
- Sr VP Operations Andrew Cappotelli sold 69 shares for $11K on 2026-09-04.
- Total cluster value of $627K represents ~0.008% of PCTY's $7.6B market cap.
- No open-market purchases in the cluster; all trades are sales.
- 81% of analysts rate PCTY as Buy or Strong Buy, with no Sell ratings.
Financial Impact
Total insider sales of $627K, or ~0.008% of market cap — immaterial relative to company size.
Risk Factors
- Insider sales could accelerate if more C-suite executives sell in coming weeks.
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-1789027606859 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | Insider Cluster | $176.46 | awaiting T+1 | — | $170.27 (−3.51%) |
Oct 23, 2026 4d ago | Institutional Cluster | $177.19 $176.46 | ▼ −0.41% | ▼ −1.12% | $170.27 (−3.91%) |
Oct 22, 2026 5d ago | DEFA14A / DEF 14A | $177.67 $177.19 | ▼ −0.27% | ▲ +0.25% | $170.27 (−4.17%) |
Oct 22, 2026 5d ago | Insider Cluster | $177.19 $176.46 | ▲ +0.41% | ▲ +1.12% | $170.27 (+3.91%) |
Oct 21, 2026 5d ago | Insider Cluster | $177.67 $177.19 | ▲ +0.27% | ▼ −0.25% | $170.27 (+4.17%) |
Oct 19, 2026 8d ago | Insider Cluster | $170.06 $169.33 | ▲ +0.43% | ▲ +0.95% | $170.27 (−0.12%) |
Oct 16, 2026 10d ago | Insider Cluster | $166.17 $170.06 | ▲ +2.34% | ▲ +2.01% | $170.27 (+2.47%) |
Sep 10, 2026 6w ago | Press Release | $142.86 $141.66 | ▼ −0.84% | ▼ −1.69% | $170.27 (+19.19%) |
Sep 9, 2026 6w ago | Insider Cluster | $142.86 $141.66 | ▼ −0.84% | ▼ −1.69% | $170.27 (+19.19%) |
Sep 1, 2026 7w ago | Insider Cluster | $154.29 $154.29 | · 0.00% | ▼ −1.05% | $170.27 (+10.35%) |
US Market Status
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