Flex Ltd. (NASDAQ:FLEX – Get Free Report) CEO Revathi Advaithi sold 161,052 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $28.65, for a total value of $4,614,139.80. Following the completion of the sale, the chief executive officer now owns 1,903,404 shares in the company, valued at $54,532,524.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Flex Stock Up 0.5 %
Flex stock traded up $0.15 during midday trading on Thursday, hitting $28.71. 2,721,140 shares of the company were exchanged, compared to its average volume of 5,025,926. The company has a market cap of $12.09 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of 1.74 and a beta of 1.18. The company’s fifty day moving average price is $28.54 and its 200-day moving average price is $26.94. Flex Ltd. has a fifty-two week low of $20.83 and a fifty-two week high of $30.93. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.59 and a quick ratio of 0.86.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Cornerstone Planning Group LLC purchased a new stake in Flex during the 3rd quarter worth $30,000. Richardson Financial Services Inc. purchased a new stake in shares of Flex during the fourth quarter worth about $34,000. CWM LLC lifted its stake in shares of Flex by 92.5% in the fourth quarter. CWM LLC now owns 1,609 shares of the technology company’s stock worth $49,000 after acquiring an additional 773 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Flex by 276.6% in the fourth quarter. Fifth Third Bancorp now owns 1,981 shares of the technology company’s stock valued at $60,000 after purchasing an additional 1,455 shares during the last quarter. Finally, Bruce G. Allen Investments LLC acquired a new stake in Flex during the 4th quarter valued at approximately $75,000. 94.30% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Check Out Our Latest Research Report on Flex
About Flex
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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