Flex Ltd. Insider Buy: Michael Hartung Acquires 43,724 Shares
Flex Ltd.'s Chief Commercial Officer, Michael Hartung, recently purchased 43,724 shares.
Key Points
- Michael Hartung, Chief Commercial Officer of Flex Ltd., bought 43,724 shares on June 16, 2026.
- Flex Ltd. trades on NasdaqGS under the ticker FLEX, with a market cap of approximately $53.8 billion.
- Peers like BlackRock and Primecap reduced holdings, while Vanguard Management increased its stake.
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On June 16, 2026, Michael Hartung, the Chief Commercial Officer of Flex Ltd. (NasdaqGS: FLEX), purchased 43,724 shares of the company. This insider buying activity is notable as it reflects confidence in the company's future prospects.
Insider Buying and Selling at Flex Ltd.
Michael Hartung wasn't the only insider making moves at Flex Ltd. on June 16, 2026. Tan Kwang Hooi, the Chief Operating Officer, acquired 48,582 shares. Additionally, Daniel Wendler, the Chief Accounting Officer, bought 9,716 shares, and David Scott Offer, EVP and General Counsel, purchased 43,724 shares. In contrast, David Scott Offer also sold 18,750 shares under a planned transaction at an average price of $147.91. The company's CEO, Revathi Advaithi, acquired 255,062 shares, showing significant insider interest.
Other Institutional Activity in Flex Ltd.
Institutional activity around Flex Ltd. has been mixed. BlackRock, Inc. reduced its holdings by 5,109,982 shares, ending with 45,041,901 shares valued at approximately $2.95 billion. Primecap Management Co/CA/ also trimmed its position by 1,318,643 shares, holding 25,383,448 shares worth around $1.66 billion. Janus Henderson Group PLC decreased its stake by 1,711,705 shares, now holding 20,619,740 shares valued at $1.35 billion. However, Wellington Management Group LLP increased its holdings by 2,601,854 shares, bringing its total to 20,238,286 shares with a value of about $1.32 billion. Vanguard Portfolio Management LLC significantly boosted its stake, ending with 19,333,535 shares valued at $1.27 billion.
Flex Ltd. Stock Up 31.1%
Shares of Flex Ltd. (NasdaqGS: FLEX) recently traded near $143.54. The company boasts a market cap of approximately $53.8 billion and a P/E ratio of 62.79, with a forward P/E of 21.15. It has a beta of 1.638, indicating higher volatility compared to the market. The stock's 52-week range is between $45.31 and $166.86, with a 50-day moving average of $118.72 and a 200-day moving average of $76.23. Flex Ltd. maintains a current ratio of 1.359 and a quick ratio of 0.677, with a debt-to-equity ratio of 86.8.
$FLEX stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Flex Ltd. reported revenue of $27.91 billion, growing at a rate of 16.9%. The company's net margin stands at 3.153%, with a return on equity of 17.347%. Earnings per share were $2.34. The next earnings report is expected on July 22, 2026.
Analysts Set New Price Targets
Several analysts have weighed in on Flex Ltd.'s prospects. On June 4, 2026, Barclays maintained its 'buy' rating with a price target of $203. Goldman Sachs also maintained a 'buy' rating with a target of $177 on May 8, 2026. Keybanc kept its 'buy' rating with a $180 target on May 7, 2026. The consensus among analysts is a 'strong buy', with an average target price of $160.4.
About Flex Ltd.
Flex Ltd., headquartered in Austin, Texas, provides technology innovation, supply chain, and manufacturing solutions across various industries, including data center, communications, consumer, automotive, 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 Ltd. employs approximately 149,686 people worldwide and is listed on Nasdaq under the ticker FLEX.
Bottom Line
Michael Hartung's purchase of 43,724 shares of Flex Ltd. underscores insider confidence in the company's future. Investors often track such insider activity as a potential signal of a company's prospects. While insider transactions provide insight, they are just one piece of the puzzle for investors considering a company's stock.
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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.