The Group President of Flex Ltd (NASDAQ: FLEX) is Selling Shares

By Carrie Williams

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.

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 $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.

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.