Martin Babinec Sells 36,500 Shares of TriNet Group Inc (TNET) Stock

TriNet Group Inc (NYSE:TNET) Director Martin Babinec sold 36,500 shares of the business’s stock in a transaction on Monday, February 5th. The stock was 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 available through this hyperlink.

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

  • On Monday, January 8th, Martin Babinec sold 36,500 shares of TriNet Group stock. The stock was 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 stock was sold at an average price of $44.21, for a total value of $1,613,665.00.

Shares of TriNet Group Inc (NYSE TNET) traded up $0.45 during midday trading on Friday, hitting $41.66. The company had a trading volume of 259,183 shares, compared to its average volume of 338,915. 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 firm has a market cap of $2,863.49, a PE ratio of 22.04 and a beta of 2.78. TriNet Group Inc has a twelve month low of $25.55 and a twelve month high of $45.25.

A number of analysts have recently commented on the company. Zacks Investment Research raised TriNet Group from a “sell” rating to a “strong-buy” rating and set a $47.00 price objective on the stock in a research note on Thursday, November 9th. Morgan Stanley boosted their price objective on TriNet Group from $31.00 to $32.00 and gave the stock an “underweight” rating in a research note on Friday, November 3rd. Finally, BidaskClub raised TriNet Group from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $38.00.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Atairos Group Inc. acquired a new position in shares of TriNet Group in the 4th quarter worth $864,822,000. Vanguard Group Inc. grew its holdings in shares of TriNet Group by 8.1% in the 2nd quarter. Vanguard Group Inc. now owns 4,571,207 shares of the business services provider’s stock worth $149,661,000 after acquiring an additional 342,250 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of TriNet Group by 9.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,119,615 shares of the business services provider’s stock worth $37,644,000 after acquiring an additional 92,991 shares during the last quarter. Cramer Rosenthal Mcglynn LLC grew its holdings in shares of TriNet Group by 70.6% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 965,930 shares of the business services provider’s stock worth $32,475,000 after acquiring an additional 399,745 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of TriNet Group by 58.7% in the 2nd quarter. FMR LLC now owns 906,982 shares of the business services provider’s stock worth $29,695,000 after acquiring an additional 335,381 shares during the last quarter. Institutional investors and hedge funds own 58.00% of the company’s stock.

WARNING: This piece was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another domain, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this piece can be viewed at https://ledgergazette.com/2018/02/17/trinet-group-inc-tnet-director-sells-1593955-00-in-stock.html.

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)

Receive News & Ratings for TriNet Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriNet Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply