Today, the CEO of Flex Ltd (NASDAQ: FLEX), Michael M. McNamara, sold shares of FLEX for $648.7K.
In addition to Michael M. McNamara, 4 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 $6.01 billion and had a net profit of $125 million. FLEX’s market cap is $7.36B and the company has a P/E ratio of 17.42. Currently, Flex Ltd has an average volume of 4.18M.
Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $17.67, reflecting a -20.1% downside. Four different firms, including Citigroup and Goldman Sachs, currently also have a Sell rating on the stock.
The insider sentiment on Flex Ltd has been negative according to 43 insider trades in the past three months. This sentiment is lower 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.
