Friday, September 08, 2017 10:15 PM ET
Insider Sale at TriNet Group (TNET) Continues Selling Trend
A filing with the SEC today revealed a notable insider sale of TriNet Group shares as — Martin Babinec, Director — disposed of 36,500 shares in the company having a market value of approximately $1,287,643. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 155,500 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 192,000 shares and have averaged 64,000 shares per transaction over this time period.
Insiders at TriNet Group have a higher number of buy/sell transactions than the 7-peer company average over the last 90-day period. The Outsourcing & Staffing Services peer group saw 13 buy/sell trades during this period for an average of 1.9 transactions per company. The number of shares per buy/sell trade for TriNet Group insiders was also higher. Within the peer group there were 7,169 shares purchased and 209,388 shares sold with company insiders disposing of 15,555 shares on average.
The data sourced in creating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
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