Daniel Wendler Sells 1,241 Shares of Flex Ltd. (NASDAQ:FLEX) Stock

Posted by on Jun 8th, 2023

Flex Ltd. (NASDAQ:FLEX – Get Rating) CAO Daniel Wendler sold 1,241 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $26.07, for a total value of $32,352.87. Following the sale, the chief accounting officer now owns 17,025 shares in the company, valued at approximately $443,841.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Daniel Wendler also recently made the following trade(s):

  • On Friday, March 10th, Daniel Wendler sold 1,512 shares of Flex stock. The stock was sold at an average price of $21.95, for a total value of $33,188.40.

Flex Price Performance

FLEX stock opened at $26.55 on Thursday. Flex Ltd. has a 52-week low of $13.63 and a 52-week high of $26.75. The stock’s fifty day simple moving average is $22.64 and its 200-day simple moving average is $22.55. The company has a quick ratio of 0.78, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $11.80 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44.

Institutional Investors Weigh In On Flex

A number of institutional investors have recently added to or reduced their stakes in FLEX. JPMorgan Chase & Co. grew its position in Flex by 10.1% during the first quarter. JPMorgan Chase & Co. now owns 363,665 shares of the technology company’s stock valued at $6,745,000 after acquiring an additional 33,349 shares during the period. Bank of New York Mellon Corp grew its position in Flex by 8.2% during the first quarter. Bank of New York Mellon Corp now owns 590,073 shares of the technology company’s stock valued at $10,946,000 after acquiring an additional 44,642 shares during the period. American Century Companies Inc. grew its position in Flex by 14.1% during the first quarter. American Century Companies Inc. now owns 130,278 shares of the technology company’s stock valued at $2,417,000 after acquiring an additional 16,073 shares during the period. HighTower Advisors LLC grew its position in Flex by 1.0% during the first quarter. HighTower Advisors LLC now owns 86,350 shares of the technology company’s stock valued at $1,600,000 after acquiring an additional 853 shares during the period. Finally, Natixis Advisors L.P. purchased a new stake in Flex during the first quarter valued at about $201,000. Hedge funds and other institutional investors own 95.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Flex in a report on Thursday, May 18th. They set a “hold” rating on the stock.

Flex Company Profile

(Get Rating)

Flex Ltd. operates as a manufacturing services company. It delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets. The firm operates through the following segments: Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS). The Flex Agility Solutions segment comprised of Communications, Enterprise and Cloud (CEC) includes data infrastructure, edge infrastructure and communications infrastructure, Lifestyle includes appliances, consumer packaging, floorcare, micro mobility and audio and, Consumer Devices include mobile and high velocity consumer devices.

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