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Director Michael E. Hurlston of FLEX LTD (NASDAQ:FLEX) sold 10,000 ordinary shares of the company on November 26, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a price of $58.0, for a total transaction value of $580,000. The sale comes amid FLEX’s strong market performance, with the stock up 37% over the past six months and 52% year-to-date. Currently trading at a P/E ratio of 26, InvestingPro analysis suggests the stock is slightly overvalued compared to its Fair Value.
Following the transaction, Hurlston directly owns 58,561 shares, which includes 4,713 unvested restricted share units (RSUs). These RSUs vest fully on the date immediately prior to Flex Ltd.’s 2026 annual general meeting. Each RSU represents a contingent right to receive one unrestricted, fully transferable share.Interestingly, while this director is selling shares, InvestingPro data shows management has been aggressively buying back shares, and the company maintains a "GOOD" financial health score. For investors seeking deeper insights, FLEX is among 1,400+ US equities covered by comprehensive Pro Research Reports that transform complex Wall Street data into actionable intelligence.
In other recent news, Flex reported its second-quarter earnings for fiscal year 2026, surpassing analyst expectations. The company achieved an adjusted earnings per share of $0.79, exceeding the forecasted $0.75. Flex also reported revenue of $6.8 billion, which was higher than the anticipated $6.68 billion. Following the earnings report, KeyBanc Capital Markets raised its price target for Flex to $75.00, up from $70.00, while maintaining an Overweight rating due to growth in the data center sector. Meanwhile, Flex has deployed a rack-level liquid cooling solution at the Equinix Co-Innovation Facility, showcasing its capabilities in liquid cooling technology.
In other developments, Nextracker Inc. has rebranded as Nextpower, signaling its expansion into power conversion systems. The company plans to develop utility-scale power conversion systems, with first shipments expected in 2026. This move is part of Nextpower’s strategy to offer a comprehensive technology platform for utility-scale solar power plants. These recent developments highlight significant strategic moves and financial performance updates for both Flex and Nextpower.
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