Today, TriNet Group Inc. (TNET) CEO Sold $2,475,990.00 in Stock

Today, TriNet Group Inc. (TNET) CEO Sold $2,475,990.00 in Stock

TriNet Group Inc. (NYSE:TNET) CEO Burton M. Goldfield sold 99,000 shares of the firm’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $25.01, for a total value of $2,475,990.00. Following the completion of the sale, the chief executive officer now owns 56,376 shares of the company’s stock, valued at $1,409,963.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TriNet Group Inc. (NYSE:TNET) traded down 0.24% during mid-day trading on Monday, hitting $25.12. The company had a trading volume of 304,614 shares. The company has a market capitalization of $1.73 billion, a P/E ratio of 34.36 and a beta of 2.79. TriNet Group Inc. has a 52-week low of $11.10 and a 52-week high of $25.40. The company has a 50-day moving average price of $20.96 and a 200 day moving average price of $20.86.

TriNet Group (NYSE:TNET) last issued its earnings results on Tuesday, November 1st. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.02. The company earned $770.50 million during the quarter, compared to analysts’ expectations of $152.36 million. TriNet Group had a return on equity of 270.14% and a net margin of 1.77%. The firm’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.19 EPS. On average, analysts forecast that TriNet Group Inc. will post $1.19 EPS for the current fiscal year.

Several analysts have recently weighed in on TNET shares. Piper Jaffray Cos. lifted their target price on TriNet Group from $18.00 to $21.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 2nd. Deutsche Bank AG lifted their target price on TriNet Group from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, August 2nd. Morgan Stanley downgraded TriNet Group from an “overweight” rating to an “equal weight” rating and set a $22.00 target price for the company. in a research report on Thursday, August 4th. They noted that the move was a valuation call. Jefferies Group lifted their target price on TriNet Group from $17.00 to $20.00 and gave the stock a “hold” rating in a research report on Friday, August 5th. Finally, Zacks Investment Research upgraded TriNet Group from a “hold” rating to a “strong-buy” rating and set a $24.00 target price for the company in a research report on Saturday, August 6th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. TriNet Group presently has an average rating of “Hold” and a consensus price target of $22.33.

A number of hedge funds have recently modified their holdings of the stock. Jacobs Levy Equity Management Inc. bought a new stake in shares of TriNet Group during the first quarter valued at about $684,000. Royal Bank of Canada boosted its stake in shares of TriNet Group by 26.1% in the first quarter. Royal Bank of Canada now owns 950,184 shares of the company’s stock valued at $13,635,000 after buying an additional 196,675 shares during the last quarter. Squarepoint Ops LLC boosted its stake in shares of TriNet Group by 239.7% in the first quarter. Squarepoint Ops LLC now owns 44,500 shares of the company’s stock valued at $639,000 after buying an additional 31,400 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of TriNet Group during the second quarter valued at about $462,000. Finally, Stoneridge Investment Partners LLC bought a new stake in shares of TriNet Group during the second quarter valued at about $1,685,000. Institutional investors own 80.09% of the company’s stock.

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