TriNet Group, Inc. (NYSE: ), a professional employer organization with a market cap of $4.6 billion, recently saw its Chief Technology Officer, Jeffery Jon Hayward, make a significant sale of the company’s stock. According to a recent filing with the SEC, Hayward sold a total of 7,784 shares of common stock on January 13, 2025. The sales were made at prices ranging from $89.31 to $90.08 per share, resulting in a total transaction value of approximately $697,194. The stock is currently trading at $92.91, close to its fair value according to InvestingPro analysis.
The sales were made as part of a predetermined 10b5-1 trading plan, which Hayward set up in August 2024. Following these transactions, Hayward retains ownership of 21,769 shares of TriNet Group stock. The filing also states that total beneficially owned securities include shares of non-vested restricted stock units, excluding non-vested performance-based restricted stock units that will be vested upon meeting certain performance criteria. InvestingPro the data reveals that while management has been actively buying back shares, the company trades at an extremely high price/book multiple of 35.3x. For a deeper insight into TNET’s valuation and 7 additional ProTips, consider accessing the comprehensive Pro Research Report.
In other recent news, end-to-end HR solutions provider TriNet reported a decline in both its third-quarter earnings per share and revenue results, prompting Needham to downgrade its stock rating from Buy to Hold. The company also fell short of its own guidance midpoint. That prompted TD Cowen to adjust its price target for TriNet shares, but maintain a Buy rating. TriNet’s fourth-quarter guidance was revised downward, largely due to higher-than-expected healthcare costs. To address these challenges, TriNet has implemented insurance service price increases and manages discretionary costs. The company expects a slight decline in fourth-quarter revenue of 1-2% and a decline in professional services revenue of 5-8%. Despite these challenges, TriNet reported adjusted net income per diluted share of $1.17 and marginal total revenue growth of 1% in the third quarter, and continues to prioritize shareholder value, returning $191 million to investors through share repurchases and dividends. These are recent developments as TriNet faces these challenges, with analysts at Needham and TD Cowen suggesting potential growth for the company through 2025.
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