TriNet provides small and medium-size businesses (SMBs) with full-service HR solutions tailored by industry. To free SMBs from HR complexities, TriNet offers access to human capital expertise, benefits, risk mitigation and compliance, payroll and real-time technology. From Main Street to Wall Street, TriNet empowers SMBs to focus on what matters most-growing their business. TriNet, incredible starts here.

Company profile
Ticker
TNET
Exchange
Website
CEO
Burton Goldfield
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Alibaba Group Holding • Visa • EBay • DiDi Global • Uber • PayPal • Accenture • Nielsen • Fidelity National Information Services • Mastercard ...
Former names
TRINET EMPLOYER GROUP INC, TRINET GROUP INC
SEC CIK
Corporate docs
Subsidiaries
Ambrose Advisory Services, LLC • App7, Inc. • Archimedes Risk Solutions, Ltd. • TriNet Employer Group Canada, Inc. • TriNet HR I, Inc. • TriNet HR II, Inc. • TriNet HR II Holdings, Inc. • TriNet HR II-A, Inc. • TriNet HR III, Inc. • TriNet HR III-A, Inc. ...
TNET stock data
News

Benzinga's Top Ratings Upgrades, Downgrades For August 16, 2022
16 Aug 22
JP Morgan Downgrades Trinet Group to Underweight, Announces $96 Price Target
16 Aug 22
Trinet Group Earnings Perspective: Return On Capital Employed
28 Jul 22
9 Industrials Stocks Moving In Tuesday's After-Market Session
26 Jul 22
Trinet Group Q2 Adj. EPS $1.72 Beats $1.15 Estimate, Total Revenues $1.2B, Up 9% YoY
26 Jul 22
Press releases
TriNet Adds Ring Chief Inventor and Founder Jamie Siminoff, WeWork CEO and Chairman Sandeep Mathrani, and Van Leeuwen Ice Cream Co-founder and CEO Ben Van Leeuwen to Roster of Distinguished Speakers at TriNet PeopleForce 2022
15 Aug 22
TriNet Webinar: Navigating SMB Employee Benefits in a Post-Dobbs World
9 Aug 22
TriNet PeopleForceX Event For Austin's Small And Medium-Size Business Leaders Tuesday, August 16
4 Aug 22
TriNet Announces Enrich™
26 Jul 22
TriNet Announces Second Quarter 2022 Results
26 Jul 22
Investment data
Securities sold
Number of investors
Calendar
26 Jul 22
16 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 1.29B | 1.29B | 1.29B | 1.29B | 1.29B | 1.29B |
Cash burn (monthly) | 33M | 6.17M | (no burn) | (no burn) | 29.67M | (no burn) |
Cash used (since last report) | 51.8M | 9.68M | n/a | n/a | 46.57M | n/a |
Cash remaining | 1.24B | 1.28B | n/a | n/a | 1.24B | n/a |
Runway (months of cash) | 37.4 | 207.1 | n/a | n/a | 41.8 | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Aug 22 | Paul Edward Chamberlain | Common Stock | Sell | Dispose S | No | Yes | 81.97 | 125 | 10.25K | 36,409 |
29 Jul 22 | Burton M. Goldfield | Common Stock | Sell | Dispose S | No | Yes | 82.87 | 100 | 8.29K | 225,828 |
29 Jul 22 | Burton M. Goldfield | Common Stock | Sell | Dispose S | No | Yes | 82.3089 | 4,600 | 378.62K | 225,928 |
29 Jul 22 | Burton M. Goldfield | Common Stock | Sell | Dispose S | No | Yes | 81.4414 | 1,550 | 126.23K | 230,528 |
29 Jul 22 | Burton M. Goldfield | Common Stock | Option exercise | Acquire M | No | Yes | 10.98 | 6,250 | 68.63K | 232,078 |
29 Jul 22 | Burton M. Goldfield | Employee Stock Option Common Stock | Option exercise | Dispose M | No | Yes | 10.98 | 6,250 | 68.63K | 84,785 |
15 Jul 22 | Jayaraman Venkataramani | Common Stock | Grant | Acquire A | No | No | 0 | 19,119 | 0 | 19,119 |
1 Jul 22 | Paul Edward Chamberlain | Common Stock | Sell | Dispose S | No | Yes | 77.14 | 125 | 9.64K | 36,534 |
Institutional ownership, Q1 2022
50.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 234 |
Opened positions | 39 |
Closed positions | 42 |
Increased positions | 86 |
Reduced positions | 81 |
13F shares | Current |
---|---|
Total value | 5.94B |
Total shares | 60.9M |
Total puts | 1.19M |
Total calls | 1.34M |
Total put/call ratio | 0.9 |
Largest owners | Shares | Value |
---|---|---|
Atairos | 21.45M | $2.11B |
Wellington Management | 4.19M | $412.18M |
Vanguard | 3.61M | $354.81M |
Cantillon Capital Management | 3.59M | $353.44M |
BLK Blackrock | 2.99M | $293.98M |
Martin Babinec | 2.6M | $209.42M |
Mawer Investment Management | 2.59M | $254.66M |
FMR | 2.24M | $220.65M |
ArrowMark Colorado | 1.69M | $166.43M |
JHG Janus Henderson | 1.38M | $135.47M |
Financial report summary
?Management Discussion
- (1) Refer to Non-GAAP measures definitions and reconciliations from GAAP measures under the heading "Non-GAAP Financial Measures".
- A discussion regarding our financial condition and results of operations for 2020 compared to 2019 can be found under Part II, Item 7. Management's Discussion and Analysis in our Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on February 16, 2021.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Good
|
New words:
automation, Enterprise, entertainment, ERP, implementation, ledger, manual, shifted, size, spend, system, tied, travel, turn
Removed:
April, assist, experienced, generating, highest, loyalty, modify, operation, suitability
Financial reports
Current reports
8-K
TriNet Announces Second Quarter 2022 Results
26 Jul 22
8-K
Departure of Directors or Certain Officers
15 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
31 May 22
8-K
Departure of Directors or Certain Officers
16 May 22
8-K
TriNet Announces First Quarter 2022 Results
26 Apr 22
8-K
Departure of Directors or Certain Officers
29 Mar 22
8-K
Other Events
23 Feb 22
8-K
TriNet Group, Inc. Commences a Modified Dutch Auction Tender Offer to Repurchase up to $300 Million of its Common Stock
17 Feb 22
8-K
TriNet Completes Acquisition of Zenefits
15 Feb 22
8-K
TriNet Announces Record Fourth Quarter, Fiscal Year 2021 Results and an Increase to the Stock Repurchase Program
14 Feb 22
Registration and prospectus
SC TO-I/A
Issuer tender offer statement (amended)
22 Mar 22
SC TO-I/A
Issuer tender offer statement (amended)
18 Mar 22
D
$16.68M in equity, sold $16.68M, 88 investors
1 Mar 22
424B7
Prospectus with selling stockholder info
23 Feb 22
SC TO-I
Issuer tender offer statement
17 Feb 22
S-8
Registration of securities for employees
14 Feb 22
S-8
Registration of securities for employees
15 Feb 21
S-3ASR
Automatic shelf registration
15 May 20
S-8
Registration of securities for employees
13 Feb 20
S-8
Registration of securities for employees
10 May 19
Proxies
DEFA14A
Additional proxy soliciting materials
12 Apr 22
DEFA14A
Additional proxy soliciting materials
26 May 21
DEFA14A
Additional proxy soliciting materials
15 Apr 21
DEFA14A
Additional proxy soliciting materials
29 May 20
DEFA14A
Additional proxy soliciting materials
23 Apr 20
DEFA14A
Additional proxy soliciting materials
29 Mar 19
DEF 14A
Definitive proxy
29 Mar 19
Other
UPLOAD
Letter from SEC
8 Aug 21
CORRESP
Correspondence with SEC
25 Jul 21
UPLOAD
Letter from SEC
11 Jul 21
CORRESP
Correspondence with SEC
24 Jun 21
UPLOAD
Letter from SEC
13 Jun 21
CORRESP
Correspondence with SEC
19 May 21
CORRESP
Correspondence with SEC
3 May 21
UPLOAD
Letter from SEC
28 Apr 21
UPLOAD
Letter from SEC
30 Aug 17
CORRESP
Correspondence with SEC
17 Aug 17
Ownership
4
TRINET / Paul Edward Chamberlain ownership change
3 Aug 22
4
TRINET / Burton M. Goldfield ownership change
2 Aug 22
4
TRINET / Katherine August-deWilde ownership change
22 Jul 22
4
TRINET / Jayaraman Venkataramani ownership change
19 Jul 22
3
TRINET / Jayaraman Venkataramani ownership change
8 Jul 22
4
TRINET / Paul Edward Chamberlain ownership change
6 Jul 22
4
TRINET / Burton M. Goldfield ownership change
28 Jun 22
4
TRINET / H RAYMOND BINGHAM ownership change
17 Jun 22
4
TRINET / Jonathan D. Lee ownership change
6 Jun 22
4
TRINET / WAYNE B LOWELL ownership change
6 Jun 22
Transcripts
2022 Q2
Earnings call transcript
27 Jul 22
2022 Q1
Earnings call transcript
26 Apr 22
2021 Q4
Earnings call transcript
15 Feb 22
2021 Q3
Earnings call transcript
26 Oct 21
2021 Q2
Earnings call transcript
27 Jul 21
2021 Q1
Earnings call transcript
27 Apr 21
2020 Q4
Earnings call transcript
17 Feb 21
2020 Q3
Earnings call transcript
26 Oct 20
2020 Q2
Earnings call transcript
27 Jul 20
2020 Q1
Earnings call transcript
28 Apr 20
Reddit threads
Daily Discussion Thread - July 26th, 2022
26 Jul 22
Daily Discussion Thread - July 25th, 2022
25 Jul 22
Daily Discussion Thread - April 26th, 2022
26 Apr 22
Daily Discussion Thread - April 25th, 2022
25 Apr 22
Daily Discussion Thread - February 22, 2022
22 Feb 22
Daily Discussion Thread - February 15, 2022
15 Feb 22
Daily Discussion Thread - February 14th, 2022
14 Feb 22
Daily Discussion Thread - February 11, 2022
11 Feb 22
Daily Discussion Thread - February 11th, 2022
11 Feb 22
Daily Discussion Thread - February 09, 2022
9 Feb 22