TriNet Group CTO sells $94,607 in stock

Jeffery Jon Hayward, the Chief Technology Officer of TriNet Group, Inc. (NYSE:TNET), a $3.6 billion market cap company, recently sold shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. According to InvestingPro data, the stock has declined nearly 28% over the past six months. On February 25, Hayward sold 1,364 shares at a price of $69.36 each, amounting to a total transaction value of $94,607. This sale was conducted under a 10b5-1 trading plan established in August 2024. Following this transaction, Hayward holds 19,867 shares, including unvested restricted stock units. InvestingPro analysis indicates the stock is currently trading below its Fair Value, with 10+ additional insights available to subscribers, including detailed valuation metrics and growth prospects.

In other recent news, TriNet Group has reported its fourth-quarter 2024 earnings, which surpassed analysts’ expectations. The company achieved an earnings per share (EPS) of $0.44, significantly above the forecasted $0.25, and recorded revenue of $1.3 billion, exceeding the predicted $1.25 billion. Despite these strong financial results, the company is transitioning by exiting its HRIS software-only business to concentrate on HR Plus ASO products, with 2025 anticipated as a transitional year. Additionally, TD Cowen analysts downgraded TriNet Group’s stock from a ’Buy’ to a ’Hold’ and reduced the price target from $104.00 to $74.00, citing a lack of immediate catalysts for stock performance. The analysts applied a 14.5 times multiple to the company’s estimated 2026 earnings per share, reflecting a more conservative outlook on the company’s valuation. TriNet has not responded publicly to the downgrade, which suggests that investor and market analyst attention will remain focused on the company’s strategic shifts and financial performance.

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