Group President Rebecca Sidelinger Sells 13,675 Shares of Flex Ltd (FLEX)
Group President Rebecca Sidelinger sold 13,675 shares of Flex Ltd (NASDAQ:FLEX) on February 23, 2024, according to a recent SEC Filing. The transaction was executed at an average price of $27.99 per share, resulting in a total sale amount of $382,932.25.
Flex Ltd is a multinational electronics contract manufacturer that provides comprehensive design, engineering, manufacturing, and supply chain services to a global customer base. The company operates in various industries, including automotive, consumer digital, industrial, infrastructure, healthcare, and mobile devices.
Over the past year, the insider has sold a total of 20,572 shares of Flex Ltd and has not made any purchases of the stock. The insider transaction history for Flex Ltd shows a pattern of 35 insider sells and no insider buys over the past year.
On the valuation front, Flex Ltd's shares were trading at $27.99 on the day of the insider's recent sale, giving the company a market cap of $11.86 billion. The price-earnings ratio of the stock stands at 16.76, which is below the industry median of 23.13 but above the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 1.59, indicating that Flex Ltd is significantly overvalued according to the GF Value estimate. The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
