A Director at Flex Ltd (FLEX) is Buying Shares


Yesterday, a Director at Flex Ltd (FLEX), Marc Onetto, bought shares of FLEX for $97.52K.

Following this transaction Marc Onetto’s holding in the company was increased by 14.5% to a total of $764.5K.

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Based on Flex Ltd’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $6.71 billion and quarterly net profit of $86.89 million. In comparison, last year the company earned revenue of $6.27 billion and had a net profit of $205 million. FLEX’s market cap is $4.45B and the company has a P/E ratio of 15.04. Currently, Flex Ltd has an average volume of 7.17M.

Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $10.00, reflecting a 18.8% upside.

The insider sentiment on Flex Ltd has been neutral according to 58 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Flex Ltd. provides innovative design, engineering, manufacturing, real-time supply chain insight and logistics services to companies of all sizes in various industries and end-markets. It operates through the following segments: Communications & Enterprise Compute, Consumer Technology Group, Industrial and Emerging Industries, and High Reliability Solutions.

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