TriNet Group Inc (NYSE:TNET) Director Martin Babinec sold 36,500 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $43.67, for a total value of $1,593,955.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Martin Babinec also recently made the following trade(s):
- On Monday, January 8th, Martin Babinec sold 36,500 shares of TriNet Group stock. The shares were sold at an average price of $43.53, for a total value of $1,588,845.00.
- 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.
TriNet Group Inc (TNET) traded down $0.59 during trading hours on Wednesday, reaching $42.23. The company’s stock had a trading volume of 306,402 shares, compared to its average volume of 324,808. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 3.00. The company has a market capitalization of $2,987.87, a price-to-earnings ratio of 22.53 and a beta of 2.78. TriNet Group Inc has a 12-month low of $24.09 and a 12-month high of $45.25.
TNET has been the topic of several research analyst reports. BidaskClub upgraded TriNet Group from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Zacks Investment Research upgraded TriNet Group from a “sell” rating to a “hold” rating in a research note on Wednesday. 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 note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $38.00.
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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