TriNet Group Inc. (NASDAQ: TNET) disclosed an insider sale by Sidney A. Majalya, senior vice president, chief legal officer and secretary, who sold 775 common shares for $53,110 on August 20.
The transaction was executed under a pre-arranged 10b5-1 trading plan established on May 23, 2025. Majalya’s sale was priced at $68.53 per share, leaving him with 53,212 shares of common stock, including unvested restricted stock units but excluding unvested performance-based units.
TriNet’s stock has gained 105% over the past six months, reaching $69.60 in recent trading—near its 52-week high of $73.08. The company’s market capitalization stands at $3.24 billion, with a trailing price-to-earnings ratio of 18.83.
The insider sale follows strong second-quarter results. Adjusted earnings came in at $1.55 per share, exceeding Wall Street expectations of $0.93 per share, while revenue totaled $1.2 billion, ahead of the $1.18 billion forecast. Analysts at Stifel raised their price target to $82 from $70 and maintained a Buy rating.
The disposal comes amid mixed signals in the U.S. labor market. The Bureau of Labor Statistics reported a net decline of 23,000 jobs in July, while ADP’s private payrolls report showed an increase of 44,000 positions. The unemployment rate edged down to 4.1%, with job growth concentrated in education and health services.
