TriNet (TNET)

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

NYSE

Website

www.trinet.com

CEO

Burton Goldfield

Incorporated

Delaware

Location

California

Fiscal year end

Dec 31

Sector

Professional, Scientific, and Technical Services > Human Resources Consulting Services

Industry (SIC)

Services - Business Services, NEC

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

0000937098

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

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

1M 1Y 5Y

News

From Benzinga Pro

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

JP Morgan analyst Tien-Tsin Huang downgrades Trinet Group (NYSE:TNET) from Neutral to Underweight and announces $96 price target.

Trinet Group Earnings Perspective: Return On Capital Employed

28 Jul 22

According to Benzinga Pro, during Q2, Trinet Group (NYSE:TNET) earned $85.00 million, a 41.78% increase from the preceding quarter. Trinet Group's sales decreased to $348.00 million, a 11.9% change since Q1.

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

From Benzinga Pro

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

DUBLIN, Calif., Aug. 15, 2022 /PRNewswire/ -- TriNet (NYSE:TNET), a leading provider of comprehensive human resources for small and medium-size businesses (SMBs), today announced the addition of three new speakers to its

TriNet Webinar: Navigating SMB Employee Benefits in a Post-Dobbs World

9 Aug 22

TriNet HR Experts to discuss the latest on fast-changing state laws and benefit offerings that provide choice and protect privacy DUBLIN, Calif., Aug. 9, 2022 /PRNewswire/ --

TriNet PeopleForceX Event For Austin's Small And Medium-Size Business Leaders Tuesday, August 16

4 Aug 22

Panel Discussion Centered AroundHarvard Business Review Analytic Services Survey in Association with TriNet:How To Make Your Business More Resilient DUBLIN, Calif., Aug. 4, 2022 /PRNewswire/ --

TriNet Announces Enrich™

26 Jul 22

TriNet Announces Second Quarter 2022 Results

26 Jul 22

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

26 Jul 22

16 Aug 22

31 Dec 22

Financial summary

Financial statements Chart TNET financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
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

Beta Read what these cash burn values mean

Financial data from TriNet earnings reports.

Recent insider trades

TNET insider ownership history Insider history

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

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

TNET institutional ownership history Ownership history

50.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	234	237	-1.3%
Opened positions	39	55	-29.1%
Closed positions	42	11	+281.8%
Increased positions	86	84	+2.4%
Reduced positions	81	71	+14.1%

13F shares	Current	Prev Q	Change
Total value	5.94B	5.92B	+0.4%
Total shares	60.9M	62.54M	-2.6%
Total puts	1.19M	26.8K	+4340.7%
Total calls	1.34M	12.2K	+10864.8%
Total put/call ratio	0.9	2.2	-59.5%

Largest owners	Shares	Value	Change
Atairos	21.45M	$2.11B	0.0%
Wellington Management	4.19M	$412.18M	+11.4%
Vanguard	3.61M	$354.81M	-4.0%
Cantillon Capital Management	3.59M	$353.44M	+2.8%
BLK Blackrock	2.99M	$293.98M	-7.3%
Martin Babinec	2.6M	$209.42M	0.0%
Mawer Investment Management	2.59M	$254.66M	+1.0%
FMR	2.24M	$220.65M	-12.8%
ArrowMark Colorado	1.69M	$166.43M	-40.1%
JHG Janus Henderson	1.38M	$135.47M	-5.9%

Largest transactions	Shares	Bought/sold	Change
ArrowMark Colorado	1.69M	-1.13M	-40.1%
Norges Bank	0	-496.85K	EXIT
Wellington Management	4.19M	+430.43K	+11.4%
Hawk Ridge Capital Management	431.01K	+339.69K	+372.0%
FMR	2.24M	-329.36K	-12.8%
BLK Blackrock	2.99M	-233.74K	-7.3%
Assenagon Asset Management	0	-211.66K	EXIT
Massachusetts Financial Services	161.1K	-208.21K	-56.4%
Caas Capital Management	200K	+200K	NEW
Marshall Wace	23.84K	-167K	-87.5%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Automatic Data Processing • Paychex • Barrett Business Services • Insperity • ShiftPixy

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

From filing 10-Q 2022 Q2

Financial reports

View all