TriNet Group, Inc. (TNET) SVP Sells $202,711.12 in Stock
TriNet Group, Inc. (NYSE:TNET) SVP Brady Mickelsen sold 4,744 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $42.73, for a total transaction of $202,711.12. Following the sale, the senior vice president now directly owns 29,392 shares in the company, valued at $1,255,920.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Brady Mickelsen also recently made the following trade(s):
- On Monday, August 21st, Brady Mickelsen sold 4,744 shares of TriNet Group stock. The stock was sold at an average price of $35.73, for a total transaction of $169,503.12.
Shares of TriNet Group, Inc. (TNET) opened at $43.16 on Monday. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.18 and a quick ratio of 1.18. TriNet Group, Inc. has a 12-month low of $23.37 and a 12-month high of $43.66. The stock has a market cap of $2,998.98, a P/E ratio of 26.16 and a beta of 2.88.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its position in shares of TriNet Group by 17.7% in the second quarter. Victory Capital Management Inc. now owns 5,417 shares of the business services provider’s stock worth $177,000 after acquiring an additional 813 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in TriNet Group by 596.6% in the second quarter. BNP Paribas Arbitrage SA now owns 5,705 shares of the business services provider’s stock valued at $187,000 after buying an additional 4,886 shares during the period. SG Americas Securities LLC purchased a new position in TriNet Group in the second quarter valued at approximately $194,000. Pitcairn Co. purchased a new position in TriNet Group in the second quarter valued at approximately $201,000. Finally, Sei Investments Co. raised its holdings in TriNet Group by 112.0% in the third quarter. Sei Investments Co. now owns 7,913 shares of the business services provider’s stock valued at $266,000 after buying an additional 4,181 shares during the period. 53.95% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of TriNet Group from a “sell” rating to a “strong-buy” rating and set a $47.00 price target on the stock in a research note on Thursday, November 9th. BidaskClub raised shares of TriNet Group from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Morgan Stanley raised their price target on shares of TriNet Group from $31.00 to $32.00 and gave the stock an “underweight” rating in a research note on Friday, November 3rd. J P Morgan Chase & Co cut shares of TriNet Group from a “neutral” rating to an “underweight” rating and raised their price target for the stock from $33.00 to $36.00 in a research note on Thursday, August 17th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $44.00 price target (up from $37.00) on shares of TriNet Group in a research note on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $38.00.
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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