Yesterday, the Group President of Flex Ltd (NASDAQ: FLEX), Francois Barbier, sold shares of FLEX for $739.4K.
Following Francois Barbier’s last FLEX Sell transaction on May 25, 2016, the stock climbed by 2.2%. In addition to Francois Barbier, 3 other FLEX executives reported Sell trades in the last month.
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Based on Flex Ltd’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $6.41 billion and GAAP net loss of $19.6 million. In comparison, last year the company earned revenue of $5.86 billion and had a net profit of $86.87 million. FLEX’s market cap is $7.66B and the company has a P/E ratio of 17.90. Currently, Flex Ltd has an average volume of 7.77M.
Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $17.67, reflecting a -17.9% downside. Four different firms, including Citigroup and Goldman Sachs, currently also have a Sell rating on the stock.
Francois Barbier’s trades have generated a -26.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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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.
