Offer David Scott Sells Shares of Flex Ltd. (FLEX)

On June 16, 2026, Offer David Scott, Executive Vice President and General Counsel at Flex Ltd. (NasdaqGS: FLEX), sold 18,750 shares of the company. This planned transaction was executed at an average price of $147.91 per share, totaling approximately $2.77 million.

Insider Buying and Selling at Flex Ltd.

Offer David Scott's recent transaction wasn't the only insider activity at Flex Ltd. On the same day, Tan Kwang Hooi, the Chief Operating Officer, and Daniel Wendler, the Chief Accounting Officer, both acquired shares, although the purchase prices were not disclosed. Additionally, Revathi Advaithi, the CEO, bought 255,062 shares as part of the insider buying activity.

Other Institutional Activity in Flex Ltd.

In the realm of institutional holdings, BlackRock, Inc. reduced its stake in Flex Ltd. by 5,109,982 shares, leaving it with 45,041,901 shares valued at about $2.95 billion. Similarly, Janus Henderson Group cut its holdings by 1,711,705 shares, ending with 20,619,740 shares worth approximately $1.35 billion. On the other hand, Wellington Management Group increased its position by 2,601,854 shares, bringing its total to 20,238,286 shares valued at $1.32 billion.

Flex Ltd. Stock Up 31.1%

Shares of Flex Ltd. are trading near $143.54. The company, which operates in the technology sector, has a market cap of around $53.8 billion. It holds a P/E ratio of 62.79 and a forward P/E of 21.15. The stock's 52-week range spans from $45.31 to $166.86, with a 50-day moving average of $118.72 and a 200-day moving average of $76.23. Flex Ltd. has a beta of 1.638, indicating a higher volatility compared to the market.

Recent Earnings

In its most recent earnings report, Flex Ltd. posted a revenue of $27.91 billion with a growth rate of 16.9%. The company achieved an earnings per share (EPS) of $2.34, a net margin of 3.15%, and a return on equity (ROE) of 17.35%. Investors are looking ahead to the next earnings announcement expected on July 22, 2026.

Analysts Set New Price Targets

Analyst activity around Flex Ltd. has been robust. On June 4, 2026, Barclays maintained its buy rating with a price target of $203. Earlier, Freedom Capital Markets initiated coverage with a hold rating and a $144 target on May 28. Goldman Sachs also maintained a buy rating with a target of $177 on May 8. Overall, the consensus is a strong buy with a mean target price of $160.4 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 centers, communications, enterprise, and automotive. The company operates through three main segments: Integrated Technology Solutions, Regulated Manufacturing Solutions, and Cloud and Power Infrastructure. Led by CEO Revathi Advaithi, Flex employs around 149,686 people globally.

Bottom Line

Insider transactions like Offer David Scott's sale provide insights into executive sentiment at Flex Ltd., though they don't necessarily indicate future stock performance. Institutional moves and analyst targets suggest active interest in the company, which is a key player in the technology sector. As always, 13F filings and insider reports are backward-looking and may not reflect current positions.