Flex Ltd. (NASDAQ:FLEX) CEO Revathi Advaithi Sells 37,170 Shares

Flex Ltd. (NASDAQ:FLEXGet Free Report) CEO Revathi Advaithi sold 37,170 shares of the stock in a transaction on Monday, June 17th. The shares were sold at an average price of $31.30, for a total value of $1,163,421.00. Following the sale, the chief executive officer now directly owns 2,057,473 shares in the company, valued at approximately $64,398,904.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Revathi Advaithi also recently made the following trade(s):

  • On Tuesday, June 11th, Revathi Advaithi sold 54,637 shares of Flex stock. The shares were sold at an average price of $32.20, for a total transaction of $1,759,311.40.
  • On Tuesday, June 4th, Revathi Advaithi sold 61,042 shares of Flex stock. The shares were sold at an average price of $32.53, for a total transaction of $1,985,696.26.
  • On Thursday, May 9th, Revathi Advaithi sold 161,052 shares of Flex stock. The stock was sold at an average price of $28.65, for a total value of $4,614,139.80.

Flex Price Performance

Shares of FLEX stock opened at $30.61 on Friday. The firm has a fifty day simple moving average of $30.22 and a 200-day simple moving average of $28.14. The company has a market capitalization of $12.29 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 2.12 and a beta of 1.13. Flex Ltd. has a twelve month low of $21.84 and a twelve month high of $34.12. The company has a current ratio of 1.52, a quick ratio of 0.79 and a debt-to-equity ratio of 0.61.

Flex (NASDAQ:FLEXGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Flex had a net margin of 3.58% and a return on equity of 16.46%. The company had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.10 billion. Equities research analysts anticipate that Flex Ltd. will post 2.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Flex from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. StockNews.com upgraded shares of Flex from a “hold” rating to a “buy” rating in a report on Monday. Craig Hallum downgraded shares of Flex from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $28.00 to $27.00 in a research note on Thursday, May 2nd. The Goldman Sachs Group raised their target price on shares of Flex from $29.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Finally, Barclays upped their price target on shares of Flex from $30.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Flex has a consensus rating of “Moderate Buy” and a consensus target price of $32.83.

Get Our Latest Report on FLEX

Institutional Trading of Flex

A number of hedge funds have recently made changes to their positions in the stock. Troluce Capital Advisors LLC increased its position in shares of Flex by 101.2% in the 3rd quarter. Troluce Capital Advisors LLC now owns 550,692 shares of the technology company’s stock worth $14,858,000 after purchasing an additional 48,097,992 shares during the last quarter. Boston Partners increased its holdings in Flex by 113.8% in the first quarter. Boston Partners now owns 19,168,208 shares of the technology company’s stock valued at $548,519,000 after buying an additional 10,201,162 shares during the last quarter. Norges Bank acquired a new stake in Flex during the fourth quarter valued at approximately $165,000,000. Westfield Capital Management Co. LP acquired a new position in shares of Flex in the 1st quarter worth approximately $51,543,000. Finally, Schonfeld Strategic Advisors LLC increased its holdings in shares of Flex by 211.2% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 1,409,636 shares of the technology company’s stock valued at $38,032,000 after acquiring an additional 956,676 shares during the last quarter. Institutional investors and hedge funds own 94.30% of the company’s stock.

About Flex

(Get Free Report)

Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.

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Insider Buying and Selling by Quarter for Flex (NASDAQ:FLEX)

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