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 TriNet Group stock in a transaction on Monday, January 8th. The shares were sold at an average price of $43.53, for a total transaction of $1,588,845.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Martin Babinec also recently made the following trade(s):
- 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 transaction of $1,613,665.00.
- On Tuesday, November 7th, Martin Babinec sold 36,500 shares of TriNet Group stock. The shares were sold at an average price of $41.17, for a total transaction of $1,502,705.00.
TriNet Group Inc (TNET) traded up $0.08 during trading hours on Tuesday, hitting $43.73. 296,209 shares of the stock traded hands, compared to its average volume of 297,967. The company has a market cap of $3,060.00, a price-to-earnings ratio of 23.14 and a beta of 3.01. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 3.00. TriNet Group Inc has a 12 month low of $24.09 and a 12 month high of $45.25.
Several analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a research note on Friday. BidaskClub lowered shares of TriNet Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Finally, Morgan Stanley lifted their price objective on shares of TriNet Group from $31.00 to $32.00 and gave the company an “underweight” rating in a research note on Friday, November 3rd. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $38.00.
Hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. increased its stake in TriNet Group by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 5,417 shares of the business services provider’s stock valued at $177,000 after purchasing an additional 813 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in TriNet Group by 596.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,705 shares of the business services provider’s stock valued at $187,000 after purchasing an additional 4,886 shares in the last quarter. SG Americas Securities LLC bought a new stake in TriNet Group during the 2nd quarter valued at $194,000. Sei Investments Co. increased its stake in TriNet Group by 112.0% during the 3rd quarter. Sei Investments Co. now owns 7,913 shares of the business services provider’s stock valued at $266,000 after purchasing an additional 4,181 shares in the last quarter. Finally, ARP Americas LLC bought a new stake in TriNet Group during the 3rd quarter valued at $286,000. Institutional investors and hedge funds own 56.52% of the company’s stock.
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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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