Paylocity Director Kenneth Robinson Sells $127K Worth of Shares
Kenneth B. Robinson, a director at Paylocity Holding (NASDAQ: PCTY), sold 800 shares for approximately $127,000 on August 27, 2026, according to an SEC Form 4 filing. The transaction reduced his direct holdings by about 11%, leaving him with a remaining stake of 6,745 shares valued at around $1 million based on the closing price that day. Paylocity's stock has experienced a significant decline over the past year, recording a 13% loss as of the transaction date. The company reported trailing twelve-month revenue of $1.8 billion and net income of $269.7 million during this period. Paylocity operates in the cloud-native HCM and payroll processing market with a focus on mid-market and enterprise clients, maintaining a current market capitalization of approximately $8.5 billion. The sale may reflect broader concerns affecting software stocks due to fears around AI disruption or could be part of routine portfolio management by insiders.
Tickers: $PCTY
Topics: director activity Paylocity stock sale