TriNet Group, Inc. (NYSE:TNET) Director Martin Babinec sold 11,671 shares of TriNet Group stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $32.12, for a total transaction of $374,872.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • 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 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.
  • On Thursday, May 11th, Martin Babinec sold 36,500 shares of TriNet Group stock. The stock was sold at an average price of $30.98, for a total transaction of $1,130,770.00.
  • On Thursday, April 6th, Martin Babinec sold 36,500 shares of TriNet Group stock. The stock was sold at an average price of $28.32, for a total transaction of $1,033,680.00.

TriNet Group, Inc. (NYSE:TNET) traded up 0.69% during trading on Wednesday, hitting $32.30. 276,886 shares of the stock traded hands. The firm’s 50-day moving average is $31.16 and its 200-day moving average is $27.99. TriNet Group, Inc. has a 12 month low of $17.78 and a 12 month high of $33.49. The stock has a market cap of $2.22 billion, a P/E ratio of 29.42 and a beta of 2.94.

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

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its position in shares of TriNet Group by 9.4% in the first quarter. Wellington Management Group LLP now owns 4,970,312 shares of the business services provider’s stock worth $143,643,000 after buying an additional 428,077 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of TriNet Group by 11.0% in the first quarter. Vanguard Group Inc. now owns 4,228,957 shares of the business services provider’s stock worth $122,217,000 after buying an additional 418,005 shares in the last quarter. TimesSquare Capital Management LLC boosted its position in shares of TriNet Group by 3.8% in the first quarter. TimesSquare Capital Management LLC now owns 1,583,160 shares of the business services provider’s stock worth $45,753,000 after buying an additional 57,985 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of TriNet Group by 4.9% in the first quarter. Dimensional Fund Advisors LP now owns 950,762 shares of the business services provider’s stock worth $27,476,000 after buying an additional 44,115 shares in the last quarter. Finally, State Street Corp boosted its position in shares of TriNet Group by 3.4% in the first quarter. State Street Corp now owns 790,852 shares of the business services provider’s stock worth $22,856,000 after buying an additional 25,824 shares in the last quarter. Institutional investors and hedge funds own 53.22% of the company’s stock.

A number of research firms have issued reports on TNET. Deutsche Bank AG lowered shares of TriNet Group from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a research report on Wednesday, April 19th. Zacks Investment Research raised shares of TriNet Group from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Wednesday, March 8th. TheStreet raised shares of TriNet Group from a “c” rating to a “b” rating in a research report on Monday, March 27th. Stifel Nicolaus raised their price target on shares of TriNet Group from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, March 1st. Finally, BidaskClub raised shares of TriNet Group from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $26.86.

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.

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