TriNet Group Inc. (NASDAQ: TNET) disclosed on Thursday that Sidney A. Majalya, the company’s senior vice president, general counsel and secretary, sold 775 ordinary shares for a total of $53,110.
The transaction occurred on August 20, 2026, at a price of $68.53 per share, according to a filing with the U.S. Securities and Exchange Commission. The sale was conducted under a pre-established Rule 10b5-1 trading plan, which Majalya adopted on May 23, 2025.
Following the disposition, Majalya retains beneficial ownership of 53,212 ordinary shares, inclusive of unvested restricted stock units but excluding unvested performance-based awards pending performance criteria.
TriNet’s stock has gained roughly 105% over the past six months, trading recently at $69.60 compared with a 52-week high of $73.08. The company has a market capitalization of $3.24 billion and a price-to-earnings ratio of 18.83.
TriNet reported adjusted earnings of $1.55 per share in the second quarter of 2026, exceeding Wall Street estimates of $0.93 per share. Revenue totaled $1.2 billion, surpassing analyst forecasts of $1.18 billion. In response, Stifel raised its price target on TriNet to $82 from $70 while maintaining a buy rating, citing strong execution and upwardly revised 2026 guidance.
Separately, labor-market data released this week showed a mixed picture. The U.S. Bureau of Labor Statistics reported a net loss of 23,000 jobs, while ADP’s private payrolls report indicated an increase of 44,000 positions. William Blair noted that education and healthcare sectors continued to drive job growth, while the national unemployment rate edged down to 4.1%.
