Insider Selling: TriNet Group Inc (TNET) Director Sells $1,588,845.00 in Stock

TriNet Group Inc (NYSE:TNET) Director Martin Babinec sold 36,500 shares of TriNet Group stock in a transaction on Monday, January 8th. The shares were sold at an average price of $43.53, for a total value of $1,588,845.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Martin Babinec also recently made the following trade(s):

  • On Wednesday, December 6th, Martin Babinec sold 36,500 shares of TriNet Group stock. The shares were sold at an average price of $44.21, for a total value of $1,613,665.00.
  • On Tuesday, November 7th, Martin Babinec sold 36,500 shares of TriNet Group stock. The shares were sold at an average price of $41.17, for a total value of $1,502,705.00.

TriNet Group Inc (TNET) opened at $41.66 on Friday. TriNet Group Inc has a fifty-two week low of $24.09 and a fifty-two week high of $45.25. The firm has a market capitalization of $2,890.00, a price-to-earnings ratio of 22.04 and a beta of 3.01. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.18 and a quick ratio of 1.18.

TriNet Group (NYSE:TNET) last issued its earnings results on Thursday, November 2nd. The business services provider reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.30. The firm had revenue of $205.90 million for the quarter, compared to analysts’ expectations of $174.89 million. TriNet Group had a return on equity of 156.96% and a net margin of 4.15%. The firm’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 earnings per share. equities analysts forecast that TriNet Group Inc will post 1.77 EPS for the current fiscal year.

A number of research analysts recently weighed in on TNET shares. BidaskClub upgraded TriNet Group from a “hold” rating to a “buy” rating in a report on Thursday, October 5th. Zacks Investment Research cut TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Friday, January 5th. Finally, Morgan Stanley lifted their target price on TriNet Group from $31.00 to $32.00 and gave the company an “underweight” rating in a report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $38.00.

Several institutional investors and hedge funds have recently modified their holdings of TNET. Russell Investments Group Ltd. lifted its stake in shares of TriNet Group by 14.0% during the second quarter. Russell Investments Group Ltd. now owns 35,587 shares of the business services provider’s stock worth $1,165,000 after purchasing an additional 4,368 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of TriNet Group during the second quarter worth about $194,000. BNP Paribas Arbitrage SA lifted its stake in shares of TriNet Group by 596.6% during the second quarter. BNP Paribas Arbitrage SA now owns 5,705 shares of the business services provider’s stock worth $187,000 after purchasing an additional 4,886 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of TriNet Group by 17.7% during the second quarter. Victory Capital Management Inc. now owns 5,417 shares of the business services provider’s stock worth $177,000 after purchasing an additional 813 shares in the last quarter. Finally, Prudential Financial Inc. lifted its stake in shares of TriNet Group by 61.3% during the second quarter. Prudential Financial Inc. now owns 24,552 shares of the business services provider’s stock worth $804,000 after purchasing an additional 9,332 shares in the last quarter. Institutional investors own 56.52% of the company’s stock.

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About TriNet Group

TriNet Group, Inc is a provider of human resources (HR) solutions for small to medium-sized businesses (SMBs). The Company’s HR solutions include services, such as multi-state payroll processing and tax administration, employee benefits programs, including health insurance and retirement plans, workers’ compensation insurance and claims management, employment and benefit law compliance, and other services.

Insider Buying and Selling by Quarter for TriNet Group (NYSE:TNET)

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