Flex Ltd. EVP David Scott Purchases Shares
David Scott, EVP and General Counsel at Flex Ltd., acquired 43,724 shares.
Key Points
- Offer David Scott, EVP and General Counsel at Flex Ltd., bought 43,724 shares on June 16, 2026.
- Flex Ltd. trades on NasdaqGS under the ticker FLEX, with a market cap of $53.8 billion and a P/E ratio of 62.79.
- Analysts maintain a strong buy consensus, with Barclays setting a high target of $203.
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On June 16, 2026, Offer David Scott, the Executive Vice President and General Counsel of Flex Ltd., bought 43,724 shares of the company. The transaction did not involve a planned trading program, and the shares were acquired at no disclosed price. This purchase reflects insider activity within the company, with several other executives also engaging in similar transactions on the same day.
Insider Buying and Selling at Flex Ltd.
In addition to David Scott's acquisition, several other key executives at Flex Ltd. made significant transactions on June 16, 2026. Kwang Hooi Tan, the Chief Operating Officer, purchased 48,582 shares. Daniel Wendler, the Chief Accounting Officer, acquired 9,716 shares. Michael Hartung, the Chief Commercial Officer, also bought 43,724 shares. Meanwhile, CEO Revathi Advaithi made a substantial purchase of 255,062 shares. These transactions were not part of any pre-planned trading schemes, indicating active insider interest.
Other Institutional Activity in Flex Ltd.
Institutional investors have also been actively trading Flex Ltd. shares. 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/ trimmed its position by 1,318,643 shares, leaving it with 25,383,448 shares worth about $1.66 billion. Similarly, Janus Henderson Group PLC cut its stake by 1,711,705 shares to hold 20,619,740 shares valued at $1.35 billion. On the other hand, Wellington Management Group LLP increased its holdings by 2,601,854 shares, now holding 20,238,286 shares worth approximately $1.32 billion.
Flex Ltd. Stock Up 31.1%
Shares of Flex Ltd. (NasdaqGS:FLEX) traded near $143.54. The company boasts a market cap of about $53.8 billion and a P/E ratio of 62.79, with a forward P/E of 21.15. Flex Ltd. 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. The company's current ratio is 1.359, and its quick ratio is 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 revenues of $27.91 billion, reflecting a growth rate of 16.9%. The company achieved a net margin of 3.153% and a return on equity of 17.347%. Earnings per share (EPS) stood at $2.34. Investors are looking forward to the next earnings report, scheduled for July 22, 2026.
Analysts Set New Price Targets
Analysts remain optimistic about Flex Ltd.'s prospects. On June 4, 2026, Barclays maintained its 'buy' rating with a price target of $203. Freedom Capital Markets initiated coverage with a 'hold' rating and a target of $144 on May 28, 2026. Goldman Sachs reiterated its 'buy' stance with a target of $177 on May 8, 2026. The consensus among analysts is a 'strong buy,' with a mean price target of $160.4 based on 10 analyst opinions.
About Flex Ltd.
Flex Ltd. is a technology company providing innovation, supply chain, and manufacturing solutions across various sectors, including data centers, communications, consumer electronics, and automotive industries. Headquartered in Austin, Texas, Flex Ltd. operates through segments such as Integrated Technology Solutions, Regulated Manufacturing Solutions, and Cloud and Power Infrastructure. The company was founded in 1969 and is led by CEO Revathi Advaithi. With a global workforce of nearly 150,000 employees, Flex Ltd. continues to drive technological advancements and efficiency in its operations.
Bottom Line
Flex Ltd.'s recent insider buying activity, including significant purchases by top executives, highlights confidence in the company's future. The stock remains a focus for institutional investors, with mixed trading activity among major funds. Analysts are bullish on Flex Ltd., maintaining strong buy ratings and high price targets. As always, it's important to remember that insider transactions and analyst opinions are just pieces of the larger investment puzzle.
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