TriNet Group Inc (NYSE:TNET) insider Michael P. Murphy sold 837 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $40.86, for a total value of $34,199.82. Following the completion of the sale, the insider now owns 19,444 shares in the company, valued at approximately $794,481.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
TriNet Group Inc (NYSE:TNET) traded down $0.64 on Tuesday, reaching $41.02. The company had a trading volume of 322,070 shares, compared to its average volume of 319,686. The company has a market capitalization of $2,850.00, a PE ratio of 21.70 and a beta of 2.78. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 3.00. TriNet Group Inc has a 1-year low of $25.55 and a 1-year high of $45.25.
A number of equities research analysts recently issued reports on TNET shares. Zacks Investment Research upgraded TriNet Group from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. BidaskClub cut TriNet Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Finally, Morgan Stanley increased their target price on TriNet Group from $31.00 to $32.00 and gave the company an “underweight” rating in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $38.00.
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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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