Trinet Group Inc (TNET): Burton M. Goldfield , PRESIDENT, CEO and DIRECTOR of Trinet Group Inc sold 55,000 shares on Jul 14, 2016. The Insider selling transaction was reported by the company on Jul 15, 2016 to the Securities and Exchange Commission. The shares were sold at $22.50 per share for a total value of $1,237,500.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 11, 2016, John W Turner (SR. VP of SALES) sold 5,000 shares at $21.20 per share price.On Oct 26, 2015, Kenneth A Goldman (director) sold 20,000 shares at $20.00 per share price.Also, On Oct 15, 2015, David C Hodgson (director 10% owner) sold 35 shares at $16.80 per share price.On Aug 7, 2015, Brady Mickelsen (SVP & Chief Legal Officer) purchased 10,000 shares at $17.37 per share price.
Shares of TriNet Group Inc (TNET) ended Friday, Jul 15, 2016 session in red amid volatile trading. The shares closed down -0.32 points or -1.41% at $22.33 with 1,89,748 shares getting traded. Post opening the session at $22.79, the shares hit an intraday low of $22.31 and an intraday high of $22.8841 and the price vacillated in this range throughout the day. The company has a market cap of $1,579 M and the number of outstanding shares has been calculated to be 7,06,99,901 shares. The 52-week high of TriNet Group Inc is $26.99 and the 52-week low is $11.1.
Company has been under the radar of several Street Analysts.TriNet Group Inc is Reiterated by Deutsche Bank to Buy and the brokerage firm has raised the Price Target to $ 20 from a previous price target of $17 .The Rating was issued on May 3, 2016.
TriNet Group Inc. is a provider of a human resources solution for small to medium-sized businesses (SMBs). The Company’s human resource solution includes services such as payroll processing human capital consulting employment law compliance and employee benefits including health insurance retirement plans and workers compensation insurance. Its services are delivered by HR professionals and enabled by its cloud-based technology platform which allows its clients and employees of clients to conduct HR transactions anytime and anywhere. The Company serves thousands of clients in specific industry vertical markets including technology life sciences property management professional services banking and financial services retail manufacturing and hospitality services as well as non-profit entities. As of December 31 2014 it served over 10000 clients in all 50 states of the United States the District of Columbia and Canada.