Flex Ltd. COO Sells Shares, Valued at Over $1.3 Million
Flex Ltd.'s COO, Tan Kwang Hooi, sold 8,981 shares on June 18, 2026.
Key Points
- Flex Ltd.'s COO, Tan Kwang Hooi, sold 8,981 shares at $145.18 each, totaling $1.3 million on June 18, 2026.
- Shares of FLEX traded around $150.6 on Tuesday, with a market cap of approximately $54.1 billion.
- Analysts maintain strong buy ratings with price targets up to $203, reflecting optimism in Flex Ltd.'s future.
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On June 18, 2026, Tan Kwang Hooi, the Chief Operating Officer of Flex Ltd. (NasdaqGS: FLEX), sold 8,981 shares. The shares were sold at an average price of $145.18 each, totaling approximately $1.3 million. This transaction was not part of a prearranged trading plan.
Insider Buying and Selling at Flex Ltd.
Alongside Tan Kwang Hooi's transaction, several other insiders at Flex Ltd. also engaged in sales on June 18, 2026. Revathi Advaithi, the CEO, sold 39,188 shares at $145.18 under a planned sale. EVP and General Counsel David Scott Offer sold 6,657 shares at $145.23, while Chief Accounting Officer Daniel Wendler sold 1,311 shares at $145.20. Chief Commercial Officer Michael Hartung sold 7,269 shares at $145.22.
Flex Ltd. Stock Up 36.3%
Shares of Flex Ltd. traded near $150.6 on Tuesday. The company has a market capitalization of about $54.1 billion and a P/E ratio of 63.35, with a forward P/E of 21.25. Flex's stock has experienced a 52-week range between $45.31 and $166.86, with a 50-day moving average of $121.71 and a 200-day moving average of $77.14. The company's beta of 1.638 indicates a higher volatility compared to the market.
$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 and Keybanc also maintained buy ratings, with targets of $177 and $180, respectively. 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 based in Austin, Texas, providing supply chain and manufacturing solutions across various industries including automotive, healthcare, and communications. The company operates through three segments: Integrated Technology Solutions, Regulated Manufacturing Solutions, and Cloud and Power Infrastructure. Founded in 1969, Flex Ltd. employs about 149,686 people and is led by CEO Revathi Advaithi.
Bottom Line
Flex Ltd.'s insider sales, including those by COO Tan Kwang Hooi, are significant but not unusual for company executives. Investors often track such transactions for potential insights into company performance. It's important to remember that these insider trades are disclosed after the fact, and may not reflect current positions or future actions.
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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.