Flex Ltd. (NASDAQ:FLEX – Get Rating) EVP David Scott Offer sold 120,000 shares of the stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $19.19, for a total value of $2,302,800.00. Following the completion of the transaction, the executive vice president now directly owns 262,164 shares of the company's stock, valued at approximately $5,030,927.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
David Scott Offer also recently made the following trade(s):
Get Flex alerts:- On Wednesday, June 22nd, David Scott Offer sold 6,655 shares of Flex stock. The stock was sold at an average price of $14.59, for a total value of $97,096.45.
Flex Stock Performance
Shares of NASDAQ FLEX traded up $0.01 during mid-day trading on Wednesday, hitting $18.37. The company had a trading volume of 2,460,021 shares, compared to its average volume of 4,282,676. The stock has a market cap of $8.38 billion, a price-to-earnings ratio of 9.52, a PEG ratio of 0.83 and a beta of 1.49. Flex Ltd. has a 12 month low of $13.63 and a 12 month high of $19.63. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 0.68. The firm's 50 day simple moving average is $17.04 and its two-hundred day simple moving average is $16.62.
Institutional Trading of Flex
Hedge funds have recently made changes to their positions in the stock. Urban Wealth Management LLC acquired a new stake in Flex in the 2nd quarter valued at approximately $28,000. Venture Visionary Partners LLC acquired a new stake in Flex in the 2nd quarter valued at approximately $29,000. Covestor Ltd acquired a new stake in Flex in the 4th quarter valued at approximately $41,000. C M Bidwell & Associates Ltd. acquired a new stake in Flex in the 2nd quarter valued at approximately $35,000. Finally, SeaCrest Wealth Management LLC acquired a new stake in Flex in the 2nd quarter valued at approximately $37,000. Institutional investors own 95.01% of the company's stock.Analyst Upgrades and Downgrades
FLEX has been the topic of a number of research analyst reports. The Goldman Sachs Group reduced their target price on Flex from $24.00 to $21.00 and set a "buy" rating on the stock in a report on Wednesday, June 1st. Argus raised Flex from a "hold" rating to a "buy" rating and set a $22.00 target price on the stock in a report on Wednesday, May 18th. Credit Suisse Group initiated coverage on Flex in a report on Tuesday, August 16th. They set an "outperform" rating and a $24.00 target price on the stock. Finally, StockNews.com raised Flex from a "hold" rating to a "buy" rating in a report on Saturday, August 6th.
Flex Company Profile
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Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The company provides cross-industry technologies, including human-machine interface, internet of things platforms, power, sensor fusion, and smart audio.
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