Trinet Group Inc (TNET) Files Form 4 Insider Selling : Kenneth A Goldman Sells 40,000 Shares

Trinet Group Inc (TNET): Kenneth A Goldman , director of Trinet Group Inc sold 40,000 shares on Sep 21, 2016. The Insider selling transaction was reported by the company on Sep 23, 2016 to the Securities and Exchange Commission. The shares were sold at $20.70 per share for a total value of $827,832.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 22, 2016, John W Turner (SR. VP of SALES) sold 5,000 shares at $20.90 per share price.On Sep 6, 2016, H Raymond Bingham (director) sold 20,000 shares at $21.10 per share price.Also, On Jul 15, 2016, Burton M. Goldfield (PRESIDENT, CEO and DIRECTOR) sold 55,000 shares at $22.50 per share price.On Oct 26, 2015, Kenneth A Goldman (director) sold 20,000 shares at $20.00 per share price.

TriNet Group Inc: On Thursday, Sep 22, 2016 heightened volatility was witnessed in TriNet Group Inc which led to swings in the share price. The shares opened for trading at $20.94 and hit $21.26 on the upside , eventually ending the session at $21.26, with a gain of 2.51% or 0.52 points. The heightened volatility saw the trading volume jump to 2,84,731 shares. The 52-week high of the share price is $22.97 and the company has a market cap of $1,493 M . The 52-week low of the share price is at $11.1.

TriNet Group Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.TriNet Group Inc is Downgraded by Morgan Stanley to Equal-Weight. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Aug 4, 2016.TriNet Group Inc is Reiterated by Piper Jaffray to Neutral and the brokerage firm has raised the Price Target to $ 21 from a previous price target of $18 .The Rating was issued on Aug 2, 2016.TriNet Group Inc is Reiterated by Deutsche Bank to Buy and the brokerage firm has raised the Price Target to $ 25 from a previous price target of $20 .The Rating was issued on Aug 2, 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.

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TriNet Group Inc - Is it time to Sell?

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