Flex Ltd. (NASDAQ:FLEX – Get Rating) CFO Paul Lundstrom sold 10,387 shares of the stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $26.59, for a total transaction of $276,190.33. Following the completion of the transaction, the chief financial officer now directly owns 438,415 shares of the company’s stock, valued at $11,657,454.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Paul Lundstrom also recently made the following trade(s):
- On Friday, June 9th, Paul Lundstrom sold 45,740 shares of Flex stock. The stock was sold at an average price of $26.33, for a total transaction of $1,204,334.20.
- On Wednesday, June 7th, Paul Lundstrom sold 45,445 shares of Flex stock. The stock was sold at an average price of $26.51, for a total transaction of $1,204,746.95.
- On Friday, June 2nd, Paul Lundstrom sold 12,503 shares of Flex stock. The stock was sold at an average price of $26.07, for a total transaction of $325,953.21.
Flex Price Performance
Shares of FLEX opened at $26.61 on Wednesday. The stock has a market cap of $11.83 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 1.21 and a beta of 1.44. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.78 and a current ratio of 1.48. Flex Ltd. has a fifty-two week low of $13.63 and a fifty-two week high of $26.88. The firm’s 50-day simple moving average is $22.97 and its two-hundred day simple moving average is $22.73.
Analyst Upgrades and Downgrades
Separately, StockNews.com started coverage on shares of Flex in a report on Thursday, May 18th. They issued a “hold” rating on the stock.
Institutional Investors Weigh In On Flex
A number of institutional investors have recently made changes to their positions in the company. Commerce Bank grew its holdings in shares of Flex by 2.4% during the fourth quarter. Commerce Bank now owns 19,154 shares of the technology company’s stock valued at $411,000 after buying an additional 443 shares during the last quarter. Stratos Wealth Advisors LLC lifted its position in Flex by 3.0% during the fourth quarter. Stratos Wealth Advisors LLC now owns 15,262 shares of the technology company’s stock valued at $328,000 after purchasing an additional 451 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in Flex by 3.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 13,746 shares of the technology company’s stock worth $295,000 after acquiring an additional 463 shares during the period. Atlas Capital Advisors LLC raised its position in Flex by 1.7% in the fourth quarter. Atlas Capital Advisors LLC now owns 30,412 shares of the technology company’s stock worth $653,000 after acquiring an additional 519 shares during the period. Finally, Captrust Financial Advisors raised its position in Flex by 4.2% in the fourth quarter. Captrust Financial Advisors now owns 13,529 shares of the technology company’s stock worth $290,000 after acquiring an additional 542 shares during the period. Hedge funds and other institutional investors own 95.44% of the company’s stock.
Flex Company Profile
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.
Further Reading
- Get a free copy of the StockNews.com research report on Flex (FLEX)
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