Michael E. Hurlston, an insider at Flex Ltd (FLEX), recently sold 58,561 shares of the company at a price of $58.00 per share, resulting in a total transaction value of $3.4 million. Following this sale, Hurlston retains 58,561 shares of Flex Ltd.
Flex Ltd operates as a manufacturing services company headquartered in Austin, Texas, employing 148,000 full-time staff. The company focuses on design and engineering, supply chain management, manufacturing, and post-production services, catering to various sectors including Automotive and Health Solutions.
Insider sales can occur for a variety of reasons, such as diversification or personal financial needs. While significant selling activity may catch the eye of investors, it is essential to recognize that routine sales do not inherently indicate negative sentiment towards the company.
The transparency provided by insider transactions, which must be reported to the SEC, offers a glimpse into how executives view their stock positions. However, evaluating insider activity should involve looking at patterns across multiple insiders and time periods rather than isolated transactions.
Flex Ltd currently boasts a market capitalization of $21.1 billion, with a P/E ratio of 24.04 and an EPS of 2.27. The company is set to announce its next earnings on July 22, 2026, with an estimated EPS of $0.82 and revenue of $7.1 billion.