On October 2, 2024, Rachit Lohani, Senior Vice President of Paylocity Holding Corp (PCTY, Financial), executed a sale of 658 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 39,764 shares of Paylocity Holding Corp.
Paylocity Holding Corp, a prominent provider of cloud-based payroll and human capital management software solutions, has seen various insider transactions over the past year. Notably, the insider transaction history for Paylocity Holding Corp shows a total of 37 insider sells and no insider buys within the same timeframe.
Shares of Paylocity Holding Corp were trading at $162.83 on the day of the transaction. The company currently holds a market cap of approximately $9.46 billion. The price-earnings ratio stands at 46.77, which is above the industry median of 26.66.
The GF Value of Paylocity Holding Corp is estimated at $289.14, suggesting that the stock is significantly undervalued with a price-to-GF-Value ratio of 0.56. The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates.
Over the past year, Rachit Lohani has sold a total of 1,011 shares and has not made any purchases. This recent sale aligns with the ongoing trend of insider selling at Paylocity Holding Corp.
For more detailed information on Paylocity Holding Corp's stock performance and insider trading activities, visit the company's profile on GuruFocus.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
