Insider Selling: TriNet Group Inc (TNET) CEO Sells 17,809 Shares of Stock

TriNet Group Inc (NYSE:TNET) CEO Burton M. Goldfield sold 17,809 shares of the company’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $41.78, for a total value of $744,060.02. Following the completion of the sale, the chief executive officer now directly owns 32,234 shares in the company, valued at approximately $1,346,736.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of TriNet Group Inc (NYSE TNET) traded up $1.21 during trading hours on Friday, hitting $43.43. The stock had a trading volume of 305,568 shares, compared to its average volume of 287,092. 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 Inc has a twelve month low of $24.09 and a twelve month high of $45.25. The stock has a market capitalization of $3,020.00, a P/E ratio of 22.98 and a beta of 3.01.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its position in 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 buying an additional 813 shares during the period. BNP Paribas Arbitrage SA lifted its position in 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 buying an additional 4,886 shares during the period. SG Americas Securities LLC purchased a new position in TriNet Group during the second quarter worth about $194,000. Sei Investments Co. lifted its position in TriNet Group by 112.0% during the third quarter. Sei Investments Co. now owns 7,913 shares of the business services provider’s stock worth $266,000 after buying an additional 4,181 shares during the period. Finally, ARP Americas LLC purchased a new position in TriNet Group during the third quarter worth about $286,000. Hedge funds and other institutional investors own 56.58% of the company’s stock.

Several analysts have recently issued reports on the company. BidaskClub downgraded TriNet Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Zacks Investment Research downgraded TriNet Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Finally, Morgan Stanley upped their price objective on TriNet Group from $31.00 to $32.00 and gave the company an “underweight” rating in a research report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $38.00.

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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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