TriNet Group Inc (TNET) Director Sells $1,593,955.00 in Stock

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.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of TriNet Group by 8.1% in the second quarter. Vanguard Group Inc. now owns 4,571,207 shares of the business services provider’s stock valued at $149,661,000 after purchasing an additional 342,250 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of TriNet Group by 9.1% in the third quarter. Dimensional Fund Advisors LP now owns 1,119,615 shares of the business services provider’s stock valued at $37,644,000 after purchasing an additional 92,991 shares during the last quarter. Cramer Rosenthal Mcglynn LLC grew its position in shares of TriNet Group by 70.6% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 965,930 shares of the business services provider’s stock valued at $32,475,000 after purchasing an additional 399,745 shares during the last quarter. FMR LLC grew its position in shares of TriNet Group by 58.7% in the second quarter. FMR LLC now owns 906,982 shares of the business services provider’s stock valued at $29,695,000 after purchasing an additional 335,381 shares during the last quarter. Finally, Hennessy Advisors Inc. grew its position in shares of TriNet Group by 480.7% in the fourth quarter. Hennessy Advisors Inc. now owns 895,500 shares of the business services provider’s stock valued at $39,706,000 after purchasing an additional 741,300 shares during the last quarter. 58.01% of the stock is currently owned by institutional investors.

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.

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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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