Hurlston, Flex Ltd director, sells $561,692 in shares

Director Michael E. Hurlston of Flex Ltd (NASDAQ:FLEX) sold 10,000 shares of company stock on November 20, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $56.1692, with individual sales prices ranging from $56.15 to $56.25, for a total transaction value of $561,692.

Following the transaction, Hurlston directly owns 68,561 shares of Flex Ltd, which includes 4,713 unvested restricted share units that will fully vest prior to the company’s 2026 annual general meeting.

In other recent news, Flex Ltd. reported its second-quarter earnings for fiscal year 2026, surpassing analyst expectations with an adjusted earnings per share of $0.79, compared to the projected $0.75. The company’s revenue also exceeded expectations, reaching $6.8 billion against the anticipated $6.68 billion. Following this financial performance, KeyBanc Capital Markets raised its price target for Flex to $75.00, maintaining an Overweight rating, citing growth in the data center sector. Meanwhile, Nextracker Inc. announced its rebranding to Nextpower as part of an expansion into power conversion systems, with the first shipments expected in 2026. This move aims to broaden its portfolio beyond solar tracking systems to include a comprehensive technology platform for utility-scale solar power plants. Additionally, Flex deployed a rack-level liquid cooling solution at the Equinix Co-Innovation Facility, highlighting its capabilities in direct liquid cooling technology. The system integrates technology from JetCool, a Flex company specializing in liquid cooling solutions. These recent developments reflect ongoing strategic initiatives and market responses for both companies.

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