A Director at Flex Ltd (NASDAQ: FLEX) is Selling Shares

By Carrie Williams

Today, a Director at Flex Ltd (NASDAQ: FLEX), Lay Koon Tan, sold shares of FLEX for $5,342.

In addition to Lay Koon Tan, 14 other FLEX executives reported Sell trades in the last month.

See today’s analyst top recommended stocks >>

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 $7.93B and the company has a P/E ratio of 18.53. Currently, Flex Ltd has an average volume of 2.95M.

Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $18.00, reflecting a -16.1% 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 47 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.