Flex Ltd. CEO Revathi Advaithi Acquires 255,062 Shares
Flex Ltd. CEO Revathi Advaithi bought 255,062 shares on June 16, 2026.
Key Points
- Revathi Advaithi, CEO of Flex Ltd., acquired 255,062 shares on June 16, 2026.
- Flex Ltd. trades on NasdaqGS with a market cap of $53.83 billion and a P/E ratio of 62.79.
- BlackRock, Inc. reduced its holdings in Flex Ltd. by 5.1 million shares, holding 45.04 million shares worth $2.95 billion.
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On June 16, 2026, Revathi Advaithi, the CEO of Flex Ltd., purchased 255,062 shares of the company. This insider transaction was not part of a pre-planned trading program, indicating a direct investment by the executive.
Insider Buying and Selling at Flex Ltd.
Revathi Advaithi, serving as the Chief Executive Officer, bought 255,062 shares on June 16, 2026. This transaction was not under a Rule 10b5-1 plan. Other insiders, including Chief Operating Officer Tan Kwang Hooi and Chief Accounting Officer Daniel Wendler, also acquired shares on the same date.
Other Institutional Activity in Flex Ltd.
Several large funds adjusted their positions in Flex Ltd. recently. BlackRock, Inc. trimmed its holdings by 5,109,982 shares, now holding 45.04 million shares valued at approximately $2.95 billion. Primecap Management Co/CA/ also reduced its stake by 1,318,643 shares, resulting in 25.38 million shares worth about $1.66 billion. Conversely, Wellington Management Group LLP increased its position by 2,601,854 shares, ending with 20.24 million shares valued at $1.32 billion.
Flex Ltd. Stock Up 31.1%
Shares of Flex Ltd. (NasdaqGS: FLEX) were trading near $143.54. The company has a market capitalization of $53.83 billion and a P/E ratio of 62.79, with a forward P/E of 21.15. Flex's stock has a 52-week range between $45.31 and $166.86. The stock's 50-day moving average is $118.72, while the 200-day moving average stands at $76.23.
$FLEX stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
On June 4, 2026, Barclays maintained its 'buy' rating on Flex Ltd., setting a price target of $203. Goldman Sachs also maintained a 'buy' rating with a target of $177 on May 8. The consensus among analysts is a 'strong buy', with a mean price target of $160.40 based on 10 analyst opinions.
About Flex Ltd.
Flex Ltd. is a technology company based in Austin, Texas, providing innovation, supply chain, and manufacturing solutions across various sectors, including data center, communications, and healthcare. The company operates through three segments: Integrated Technology Solutions, Regulated Manufacturing Solutions, and Cloud and Power Infrastructure. Led by CEO Revathi Advaithi, Flex employs nearly 150,000 people worldwide.
Bottom Line
Flex Ltd.'s CEO, Revathi Advaithi, has shown confidence in the company by purchasing over 255,000 shares. Investors often watch insider transactions as a potential indicator of future performance. However, it's important to remember that these transactions reflect past actions and may not predict future stock movements.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.