This Insider Has Just Sold Shares In Paylocity Holding

Investors may wish to note that the Lead Independent Director of Paylocity Holding Corporation, Ronald Waters, recently netted US$94k from selling stock, receiving an average price of US$157. However we note that the sale only shrunk their holding by 7.2%.

Check out our latest analysis for Paylocity Holding

Paylocity Holding Insider Transactions Over The Last Year

Notably, that recent sale by Lead Independent Director Ronald Waters was not the only time they sold Paylocity Holding shares this year. They previously made an even bigger sale of -US$176k worth of shares at a price of US$176 per share. That means that an insider was selling shares at around the current price of US$163. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Ronald Waters divested 1.60k shares over the last 12 months at an average price of US$169. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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Insider Ownership Of Paylocity Holding

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Paylocity Holding insiders own about US$1.9b worth of shares (which is 21% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About Paylocity Holding Insiders?

An insider sold Paylocity Holding shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. But since Paylocity Holding is profitable and growing, we're not too worried by this. It is good to see high insider ownership, but the insider selling leaves us cautious. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Paylocity Holding.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.