{
  "id": 15140264,
  "title": "Paylocity executive chairman Steven Beauchamp sells $2.48m in stock",
  "url": "https://urgent.news/2026/10/17/paylocity-executive-chairman-steven-beauchamp-sells-2-48m-in-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-17T06:31:06.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/paylocity-executive-chairman-steven-beauchamp-sells-248m-in-stock-93CH-4955278"
  },
  "original_language": "en",
  "account": "On October 15, 2026, Paylocity Holding Corp's Executive Chairman Steven R. Beauchamp sold 15,000 shares of the company's stock, generating a total sale value of $2,478,270. The shares were traded at prices between $161.38 and $165.96 per share. The transactions followed a pre-approved trading plan, which Beauchamp established in August 2025 and amended in May 2026. The stock price was trading at $166.32 at the time of the sale, close to its 52-week high of $169.09. Following the sale, Beauchamp still holds a total of 1,243,389 shares of Paylocity common stock, including indirect beneficial ownership of 1,023,926 shares through various entities. Paylocity reported its fiscal fourth-quarter results, meeting revenue projections but falling short of earnings expectations. Despite the profit miss, the company's recurring sales and broad platform demand led to a 3.1% revenue increase. BofA Securities upgraded its rating on Paylocity to a buy, with a price target of $175.00, citing the company's advancements in AI technology.",
  "summary": null,
  "key_points": [
    "Steven Beauchamp sold $2.48m in Paylocity stock on Oct 15, 2026",
    "Shares traded between $161.38 and $165.96 per share",
    "Beauchamp retains 1,243,389 Paylocity shares post-sale"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}