Yahoo Finance Insider Selling: CFO Paul Lundstrom Sells 212,149 Shares of Flex Ltd (FLEX)
On June 11, 2024, Paul Lundstrom, Chief Financial Officer of Flex Ltd (NASDAQ:FLEX), executed a significant stock sale. According to the SEC Filing, the insider sold 212,149 shares at a market price of $32.45 per share. Following this transaction, the insider now owns 281,878 shares of the company.
Flex Ltd (NASDAQ:FLEX) is a multinational technological manufacturer. It offers a range of design, engineering, manufacturing, and supply chain services and solutions to various industries including automotive, communications, consumer electronics, and healthcare.
Over the past year, Paul Lundstrom has sold a total of 315,124 shares and has not made any purchases of the company's stock. This recent transaction is part of a broader trend seen within the company, where there have been 33 insider sells and no insider buys over the last year.
The shares of Flex Ltd were trading at $32.45 on the day of the transaction, giving the company a market cap of approximately $12.84 billion. The price-earnings ratio of the company stands at 13.90, which is lower than the industry median of 23.62.
According to the GF Value, the intrinsic value of Flex Ltd is estimated at $16.29 per share, which suggests that the stock is significantly overvalued with a price-to-GF-Value ratio of 1.99.
The GF Value is calculated based on historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the companys past performance and expected future business outcomes.
This insider sell event might be of interest to current and potential investors, as insider transactions can provide valuable insights into a company's financial health and future prospects.
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.
