Wednesday, November 08, 2017 10:15 PM ET
Significant Insider Selling in Shares of TriNet Group (TNET) Continues
One TriNet Group insider — Martin Babinec, Director — today, sold 36,500 shares having a market value of approximately $1,502,881, as disclosed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 73,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 109,500 shares and have averaged 54,750 shares per transaction over this time period.
Compared to its peers over the last 90 days, insider buy/sell trading at TriNet Group is higher than the 7-company peer group average. Outsourcing & Staffing Services peer group saw 4 buy/sell trades during this period for an average of 0.6 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 79,000 shares sold with company insiders disposing of 17,958 shares on average.
To bring into focus significant insider buying and selling activity, 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 has been eliminated in data sourced to compose and write this story.
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