Trinet Group Inc's SVP, CHIEF REVENUE OFFICER Alexander Warren Sells Company Shares
Alexander Warren, SVP, CHIEF REVENUE OFFICER of Trinet Group Inc (NYSE:TNET), executed a sale of 5,597 shares in the company on January 3, 2024. The transaction was filed with the SEC and can be found through this SEC Filing. Following this transaction, over the past year, the insider has sold a total of 17,719 shares and has not made any purchases of the company's stock.
Trinet Group Inc provides human resources solutions for small to medium-sized businesses, offering services such as payroll processing, human capital consulting, employment law compliance, and employee benefits, among others. The company operates in the United States and tailors its services to suit the specific needs of its clients across various industries.
The insider transaction history at Trinet Group Inc indicates a trend of more insider sales than purchases over the past year, with 31 insider sells and no insider buys recorded.
On the date of the insider's recent sale, shares of Trinet Group Inc were trading at $115.8, giving the company a market capitalization of $5,793.3 million. The price-earnings ratio stood at 19.24, which is above the industry median of 17.715 but below the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio was 1.07, with a GF Value of $108.23, indicating that Trinet Group Inc was fairly valued in the market based on the GF Value assessment.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on the company's past performance, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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