Investor Sells Off SaaS Stock Down 43% This Past Year Despite $1.7 Billion Revenue Guidance

Sone Capital Management disclosed a sale of 162,022 Paylocity (NASDAQ:PCTY) shares, with an estimated transaction value of $24.11 million based on quarterly average pricing, per a February 17, 2026, SEC filing. What happened Sone Capital Management reduced its position in Paylocity (NASDAQ:PCTY) by 162,022 shares during the fourth quarter of 2025, according to an SEC filing dated February 17, 2026. The estimated transaction value was $24.11 million, calculated using the average closing price for the quar ...