Flex Ltd (NASDAQ:FLEX) EVP Sells $65,012.13 in Stock

Flex Ltd (NASDAQ:FLEX) EVP David Scott Offer sold 6,751 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $9.63, for a total transaction of $65,012.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

David Scott Offer also recently made the following trade(s):

  • On Thursday, June 20th, David Scott Offer sold 6,369 shares of Flex stock. The stock was sold at an average price of $9.56, for a total transaction of $60,887.64.

Flex stock opened at $9.80 on Friday. The business’s 50-day simple moving average is $9.48. Flex Ltd has a one year low of $6.74 and a one year high of $15.38. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.71 and a current ratio of 1.20. The firm has a market cap of $5.03 billion, a P/E ratio of 57.53, a price-to-earnings-growth ratio of 0.61 and a beta of 1.80.

Flex (NASDAQ:FLEX) last posted its quarterly earnings data on Tuesday, April 30th. The technology company reported $0.27 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.27. Flex had a net margin of 0.36% and a return on equity of 3.03%. The company had revenue of $6.20 billion during the quarter, compared to the consensus estimate of $6.41 billion. During the same period in the prior year, the business posted $0.28 EPS. The company’s quarterly revenue was down 3.3% on a year-over-year basis. Analysts expect that Flex Ltd will post 0.98 earnings per share for the current year.

Large investors have recently modified their holdings of the stock. Front Row Advisors LLC lifted its stake in Flex by 646.9% in the 1st quarter. Front Row Advisors LLC now owns 2,547 shares of the technology company’s stock valued at $25,000 after purchasing an additional 2,206 shares during the last quarter. Willingdon Wealth Management acquired a new stake in Flex in the 1st quarter valued at about $27,000. Fiera Capital Corp acquired a new stake in Flex in the 4th quarter valued at about $80,000. NumerixS Investment Technologies Inc acquired a new stake in Flex in the 4th quarter valued at about $96,000. Finally, Blueshift Asset Management LLC acquired a new stake in Flex in the 4th quarter valued at about $96,000. Institutional investors and hedge funds own 94.49% of the company’s stock.

A number of equities analysts have recently commented on the stock. ValuEngine upgraded shares of Flex from a “hold” rating to a “buy” rating in a research note on Tuesday. BidaskClub upgraded shares of Flex from a “sell” rating to a “hold” rating in a research note on Monday, June 24th. Goldman Sachs Group upgraded shares of Flex from a “neutral” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Thursday, June 6th. JPMorgan Chase & Co. upgraded shares of Flex from a “neutral” rating to an “overweight” rating and set a $12.00 price objective for the company in a research note on Wednesday, May 29th. Finally, Zacks Investment Research downgraded shares of Flex from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $10.67.

Flex Company Profile

Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. It operates through Communications & Enterprise Compute, Consumer Technologies Group, Industrial and Emerging Industries, and High Reliability Solutions segments.

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