Insider Selling: TriNet Group, Inc. (TNET) Director Sells 39,456 Shares of Stock

TriNet Group, Inc. (NYSE:TNET) Director Martin Babinec sold 39,456 shares of the stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $38.28, for a total transaction of $1,510,375.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

  • On Thursday, August 10th, Martin Babinec sold 46,912 shares of TriNet Group stock. The stock was sold at an average price of $37.46, for a total transaction of $1,757,323.52.
  • On Friday, August 11th, Martin Babinec sold 111,855 shares of TriNet Group stock. The stock was sold at an average price of $37.75, for a total transaction of $4,222,526.25.
  • On Tuesday, July 11th, Martin Babinec sold 34,996 shares of TriNet Group stock. The stock was sold at an average price of $33.21, for a total transaction of $1,162,217.16.
  • On Wednesday, July 12th, Martin Babinec sold 36,500 shares of TriNet Group stock. The stock was sold at an average price of $33.22, for a total transaction of $1,212,530.00.
  • On Tuesday, June 20th, Martin Babinec sold 16,998 shares of TriNet Group stock. The stock was sold at an average price of $32.09, for a total transaction of $545,465.82.
  • On Monday, June 19th, Martin Babinec sold 11,671 shares of TriNet Group stock. The stock was sold at an average price of $32.12, for a total transaction of $374,872.52.
  • On Wednesday, June 21st, Martin Babinec sold 48,300 shares of TriNet Group stock. The stock was sold at an average price of $32.17, for a total transaction of $1,553,811.00.
  • On Thursday, June 15th, Martin Babinec sold 14,200 shares of TriNet Group stock. The stock was sold at an average price of $32.00, for a total transaction of $454,400.00.
  • On Wednesday, June 14th, Martin Babinec sold 36,500 shares of TriNet Group stock. The stock was sold at an average price of $31.51, for a total transaction of $1,150,115.00.

TriNet Group, Inc. (NYSE:TNET) opened at 37.37 on Friday. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 25.11 and a beta of 2.94. TriNet Group, Inc. has a 12 month low of $17.78 and a 12 month high of $41.58. The firm’s 50-day moving average is $34.59 and its 200 day moving average is $30.30.

TriNet Group (NYSE:TNET) last released its quarterly earnings results on Monday, July 31st. The business services provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.18. TriNet Group had a net margin of 3.33% and a return on equity of 201.15%. The company had revenue of $201.01 million for the quarter, compared to the consensus estimate of $168.27 million. During the same period in the previous year, the firm earned $0.27 EPS. TriNet Group’s revenue was up 7.3% on a year-over-year basis. Equities analysts predict that TriNet Group, Inc. will post $1.48 earnings per share for the current year.

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TNET has been the topic of several recent analyst reports. Deutsche Bank AG lowered shares of TriNet Group from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a research report on Wednesday, April 19th. Zacks Investment Research lowered shares of TriNet Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Stifel Nicolaus upped their target price on shares of TriNet Group from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, May 3rd. Finally, BidaskClub upgraded shares of TriNet Group from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $36.25.

Institutional investors have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of TriNet Group during the first quarter valued at about $434,000. Globeflex Capital L P acquired a new position in shares of TriNet Group during the first quarter valued at about $409,000. Swiss National Bank boosted its position in shares of TriNet Group by 3.1% in the first quarter. Swiss National Bank now owns 69,300 shares of the business services provider’s stock valued at $2,003,000 after buying an additional 2,100 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of TriNet Group by 123.4% in the fourth quarter. Teachers Advisors LLC now owns 175,545 shares of the business services provider’s stock valued at $4,497,000 after buying an additional 96,971 shares in the last quarter. Finally, Trexquant Investment LP boosted its position in shares of TriNet Group by 182.6% in the first quarter. Trexquant Investment LP now owns 23,458 shares of the business services provider’s stock valued at $678,000 after buying an additional 15,158 shares in the last quarter. 52.96% of the stock is currently owned by institutional investors.

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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