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In recent transactions reported to the Securities and Exchange Commission, Tan Kwang Hooi, Chief Operating Officer of Flex Ltd. (NASDAQ:FLEX), sold a substantial amount of company stock. Between June 2 and June 4, 2025, Tan executed multiple sales totaling approximately $2.66 million. The sales come as Flex, currently valued at $16 billion, trades near its 52-week high of $45.10, with InvestingPro data indicating overbought conditions.
On June 2, Tan sold 12,500 ordinary shares at a weighted average price of $42.0742, resulting in proceeds of approximately $525,927. The following day, June 3, he sold an additional 12,259 shares at an average price of $42.9029, generating around $525,946. On June 4, another sale of 37,533 shares was completed at a weighted average price of $42.8686, amounting to approximately $1,608,987. According to InvestingPro analysis, Flex’s current trading level suggests the stock is slightly overvalued, with 10+ additional exclusive insights available to subscribers.
These transactions were conducted under a Rule 10b5-1 trading plan, a common strategy for executives to systematically sell shares. The sales on June 3 and June 4 were specifically to cover tax obligations related to the vesting of restricted share units (RSUs) and performance-based restricted share units (PSUs).
Following these transactions, Tan holds 269,151 shares of Flex Ltd.
In other recent news, Flex Ltd has reported its fourth-quarter earnings for 2025, surpassing Wall Street expectations with an earnings per share (EPS) of $0.73, compared to the forecast of $0.70. The company achieved a revenue of $6.4 billion, exceeding the anticipated $6.24 billion, and marking a 4% year-over-year increase. Flex’s data center revenue grew by approximately 50% year-over-year, driven by strategic investments and acquisitions. The company projects a mid-30% growth rate for its data center segment for the fiscal year 2026. Analysts at KeyBanc have raised the price target for Flex’s stock to $50, highlighting the company’s strategic initiatives in the data center sector and maintaining an Overweight rating. Flex has also doubled its European footprint for data center power needs by acquiring a new manufacturing site in Poland, increasing its capacity to 1.2 million square feet. Additionally, Flex has expanded its operations with new facilities in Ireland and Dallas, Texas, and acquired Crown Technical Systems and JetCool Technologies to enhance its product portfolio. These developments reflect Flex’s commitment to supporting rapid data center expansion and optimizing computing performance.
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