Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Paylocity Holding Corp shares valued at $520,364 were sold by Sarowitz Steven I on Dec 30 ’24. At $200.14 per share, Sarowitz Steven I sold 2,600 shares. The insider’s holdings dropped to 8,332,347 shares worth approximately $1.62 billion following the completion of this transaction.
Also, Sarowitz Steven I sold 2,012 shares, netting a total of over 403,364 in proceeds. Following the sale of shares at $200.48 each, the insider now holds 8,330,335 shares.
Before that, Sarowitz Steven I had sold 400 shares from its account. In a trade valued at $80,221, the Director traded Paylocity Holding Corp shares for $200.55 each. Upon closing the transaction, the insider’s holdings decreased to 400 shares, worth approximately $1.62 billion.
As published in a research note from Jefferies on October 22, 2024, Paylocity Holding Corp [PCTY] has been rated up from a Hold to a Buy and the price target has been revised to $200 from $145. Analysts at BTIG Research started covering the stock with ‘”a Buy”‘ outlook in a report released in early February. As of January 05, 2024, Jefferies has decreased its “Buy” rating to a “Hold” for PCTY. Earlier on November 07, 2023, UBS initiated its rating. Their recommendation was “a Neutral” for PCTY stock.
Analyzing PCTY Stock Performance
During the last five days, there has been a drop of approximately -2.51%. Over the course of the year, Paylocity Holding Corp shares have dropped approximately -2.51%. Shares of the company reached a 52-week high of $206.57 on 01/06/25 and a 52-week low of $192.69 on 01/08/25. A 50-day SMA is recorded $200.65, while a 200-day SMA reached $167.05. Nevertheless, trading volume fell to 0.6 million shares from 0.33 million shares the previous day.
Support And Resistance Levels for Paylocity Holding Corp (PCTY)
According to the 24-hour chart, there is a support level at 192.46, which, if violated, would cause prices to drop to 190.46. In the upper region, resistance lies at 196.69. The next price resistance is at 198.92. RSI (Relative Strength Index) is 42.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.34, which suggests the price will decrease in the coming days. Percent R is at 87.25%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
