TriNet Group Inc (NYSE: TNET) is -0.44% lower on its value in year-to-date trading and has touched a low of $74.32 and a high of $134.67 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TNET stock was last observed hovering at around $92.26 in the last trading session, with the day’s loss setting it -1.89%.
Currently trading at $90.37, the stock is -0.13% and -1.86% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.23 million and changing -2.05% at the moment leaves the stock -9.80% off its SMA200. TNET registered -23.23% loss for a year compared to 6-month loss of -15.93%. The firm has a 50-day simple moving average (SMA 50) of $92.0874 and a 200-day simple moving average (SMA200) of $100.18945.
The stock witnessed a -1.27% gain in the last 1 month and extending the period to 3 months gives it a -6.24%, and is 0.60% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.25% over the week and 2.54% over the month.
TriNet Group Inc (TNET) has around 3600 employees, a market worth around $4.48B and $4.97B in sales. Current P/E ratio is 17.46 and Fwd P/E is 16.38. Profit margin for the company is 5.29%. Distance from 52-week low is 21.60% and -32.90% from its 52-week high. The company has generated returns on investments over the last 12 months (22.83%).
with sales reaching $225.28M over the same period.The EPS is expected to shrink by -34.33% this year, but quarterly earnings will post -16.23% year-over-year. Quarterly sales are estimated to shrink -30.90% in year-over-year returns.
TriNet Group Inc (TNET) Top Institutional Holders
373.0 institutions hold shares in TriNet Group Inc (TNET), with institutional investors hold 96.94% of the company’s shares. The shares outstanding are 49.61M, and float is at 48.24M with Short Float at 3.64%. Institutions hold 95.48% of the Float.
The top institutional shareholder in the company is ATAIROS GROUP, INC. with over 18.09 million shares valued at $1.8 billion. The investor’s holdings represent 35.4623% of the TNET Shares outstanding. As of 2024-06-30, the second largest holder is MAWER INVESTMENT MANAGEMENT LTD. with 3.93 million shares valued at $392.68 million to account for 7.6996 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 2.99 million shares representing 5.854% and valued at over $298.55 million, while BLACKROCK INC. holds 5.0551 of the shares totaling 2.58 million with a market value of $257.81 million.
TriNet Group Inc (TNET) Insider Activity
The most recent transaction is an insider sale by Hayward Jeffery Jon, the company’s Chief Technology Officer. SEC filings show that Hayward Jeffery Jon sold 7,784 shares of the company’s common stock on Jan 13 ’25 at a price of $89.57 per share for a total of $0.7 million. Following the sale, the insider now owns 21769.0 shares.
Still, SEC filings show that on Nov 29 ’24, Hayward Jeffery Jon (Chief Technology Officer) disposed off 2,345 shares at an average price of $93.03 for $0.22 million. The insider now directly holds 34,606 shares of TriNet Group Inc (TNET).
