TriNet Group, Inc. (NYSE:TNET) Director Martin Babinec sold 34,996 shares of the business’s stock in a transaction dated Tuesday, July 11th. The stock was sold at an average price of $33.21, for a total value of $1,162,217.16. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

  • On Wednesday, July 12th, Martin Babinec sold 36,500 shares of TriNet Group stock. The stock was sold at an average price of $33.22, for a total value of $1,212,530.00.
  • On Tuesday, June 20th, Martin Babinec sold 16,998 shares of TriNet Group stock. The stock was sold at an average price of $32.09, for a total value of $545,465.82.
  • On Monday, June 19th, Martin Babinec sold 11,671 shares of TriNet Group stock. The stock was sold at an average price of $32.12, for a total value of $374,872.52.
  • On Wednesday, June 21st, Martin Babinec sold 48,300 shares of TriNet Group stock. The stock was sold at an average price of $32.17, for a total value of $1,553,811.00.
  • On Thursday, June 15th, Martin Babinec sold 14,200 shares of TriNet Group stock. The stock was sold at an average price of $32.00, for a total value of $454,400.00.
  • On Wednesday, June 14th, Martin Babinec sold 36,500 shares of TriNet Group stock. The stock was sold at an average price of $31.51, for a total value of $1,150,115.00.
  • On Thursday, May 11th, Martin Babinec sold 36,500 shares of TriNet Group stock. The stock was sold at an average price of $30.98, for a total value of $1,130,770.00.

Shares of TriNet Group, Inc. (NYSE:TNET) opened at 32.95 on Monday. The firm has a 50-day moving average price of $32.34 and a 200-day moving average price of $29.10. TriNet Group, Inc. has a 52 week low of $17.78 and a 52 week high of $34.00. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 30.01 and a beta of 2.93.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. acquired a new position in shares of TriNet Group during the first quarter worth $105,000. Envestnet Asset Management Inc. increased 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 in the last quarter. Victory Capital Management Inc. increased 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 in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of TriNet Group during the first quarter worth $153,000. Finally, State Board of Administration of Florida Retirement System acquired a new position in shares of TriNet Group during the first quarter worth $208,000. Institutional investors and hedge funds own 53.14% of the company’s stock.

A number of equities analysts have recently commented on the company. Deutsche Bank AG downgraded TriNet Group from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a research report on Wednesday, April 19th. Zacks Investment Research downgraded TriNet Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 3rd. TheStreet raised TriNet Group from a “c” rating to a “b” rating in a report on Monday, March 27th. Stifel Nicolaus increased their price objective on TriNet Group from $34.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, May 3rd. Finally, BidaskClub raised TriNet Group from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $26.86.

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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