TriNet Group, Inc. (NYSE:TNET) Director Martin Babinec sold 36,500 shares of the company’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $30.98, for a total value of $1,130,770.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Wednesday, June 14th, Martin Babinec sold 36,500 shares of TriNet Group stock. The shares were sold at an average price of $31.51, for a total value of $1,150,115.00.
  • On Thursday, April 6th, Martin Babinec sold 36,500 shares of TriNet Group stock. The shares were sold at an average price of $28.32, for a total value of $1,033,680.00.

TriNet Group, Inc. (TNET) traded down 1.16% during midday trading on Friday, hitting $31.62. The company had a trading volume of 342,010 shares. The stock has a 50 day moving average of $31.00 and a 200 day moving average of $27.84. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 28.80 and a beta of 2.94. TriNet Group, Inc. has a 52-week low of $17.78 and a 52-week high of $33.49.

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

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its position in shares of TriNet Group by 13.3% in the first quarter. Envestnet Asset Management Inc. now owns 4,101 shares of the business services provider’s stock worth $119,000 after buying an additional 483 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of TriNet Group by 18.6% in the first quarter. Victory Capital Management Inc. now owns 4,604 shares of the business services provider’s stock worth $133,000 after buying an additional 723 shares during the last quarter. American International Group Inc. boosted its position in shares of TriNet Group by 7.1% in the first quarter. American International Group Inc. now owns 25,946 shares of the business services provider’s stock worth $750,000 after buying an additional 1,717 shares during the last quarter. Swiss National Bank boosted its position in shares of TriNet Group by 3.1% in the first quarter. Swiss National Bank now owns 69,300 shares of the business services provider’s stock worth $2,003,000 after buying an additional 2,100 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in shares of TriNet Group by 18.1% in the third quarter. UBS Asset Management Americas Inc. now owns 20,212 shares of the business services provider’s stock worth $437,000 after buying an additional 3,100 shares during the last quarter. Hedge funds and other institutional investors own 53.22% of the company’s stock.

Several equities analysts have recently commented on TNET shares. Stifel Nicolaus reaffirmed a “buy” rating on shares of TriNet Group in a research note on Friday, April 14th. Deutsche Bank AG lowered TriNet Group from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a research note on Wednesday, April 19th. Zacks Investment Research lowered TriNet Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. TheStreet upgraded TriNet Group from a “c” rating to a “b” rating in a report on Monday, March 27th. Finally, BidaskClub upgraded TriNet Group from a “hold” rating to a “buy” rating in a report on Thursday. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. TriNet Group has an average rating of “Hold” and a consensus target price of $26.86.

TriNet Group Company Profile

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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