Paylocity Holding Corp’s recently made public that its VP & Chief Accounting Officer Rost Nicholas unloaded Company’s shares for reported $45920.0 on Jun 17 ’24. In the deal valued at $138.73 per share,331 shares were sold. As a result of this transaction, Rost Nicholas now holds 4,751 shares worth roughly $0.63 million.
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Then, Lohani Rachit sold 117 shares, generating $20,080 in total proceeds. Upon selling the shares at $171.62, the Chief Technology Officer now owns 44,248 shares.
Before that, Rost Nicholas sold 95 shares. Paylocity Holding Corp shares valued at $16,304 were divested by the VP & Chief Accounting Officer at a price of $171.62 per share. As a result of the transaction, Rost Nicholas now holds 5,082 shares, worth roughly $0.67 million.
BTIG Research initiated its Paylocity Holding Corp [PCTY] rating to a Buy in a research note published on February 06, 2024; the price target was $200. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Hold”. UBS began covering PCTY with “Neutral” recommendation on November 07, 2023. BofA Securities started covering the stock on October 26, 2023. It rated PCTY as “a Neutral”.
Price Performance Review of PCTY
On Monday, Paylocity Holding Corp [NASDAQ:PCTY] saw its stock jump 0.11% to $132.00. Over the last five days, the stock has lost -2.29%. Paylocity Holding Corp shares have fallen nearly -19.93% since the year began. Nevertheless, the stocks have fallen -26.01% over the past one year. While a 52-week high of $230.52 was reached on 05/03/24, a 52-week low of $131.00 was recorded on 07/01/24. SMA at 50 days reached $151.37, while 200 days put it at $163.86. A total of 0.62 million shares were traded, compared to the trading of 0.79 million shares in the previous session.
Levels Of Support And Resistance For PCTY Stock
The 24-hour chart illustrates a support level at 130.36, which if violated will result in even more drops to 128.71. On the upside, there is a resistance level at 133.23. A further resistance level may holdings at 134.45. The Relative Strength Index (RSI) on the 14-day chart is 27.49, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.57%. Stochastics%K at 10.00% indicates the stock is a buying.
The most recent change occurred on May 30, 2023 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $199 price target.
