Rep. Gilbert Ray Cisneros, Jr. Sells Flex Ltd. (NASDAQ:FLEX) Shares

Representative Gilbert Ray Cisneros, Jr. (D-California) recently sold shares of Flex Ltd. (NASDAQ:FLEX). In a filing disclosed on November 18th, the Representative disclosed that they had sold between $1,001 and $15,000 in Flex stock on October 7th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of CommVault Systems (NASDAQ:CVLT) on 11/3/2025.
• Sold $1,001 – $15,000 in shares of The Descartes Systems Group (NASDAQ:DSGX) on 11/3/2025.
• Purchased $1,001 – $15,000 in shares of Cohen & Steers (NYSE:CNS) on 10/30/2025.
• Purchased $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 10/30/2025.
• Sold $1,001 – $15,000 in shares of UFP Industries (NASDAQ:UFPI) on 10/30/2025.
• Purchased $1,001 – $15,000 in shares of Enerpac Tool Group (NYSE:EPAC) on 10/30/2025.
• Sold $1,001 – $15,000 in shares of Sterling Infrastructure (NASDAQ:STRL) on 10/30/2025.
• Purchased $1,001 – $15,000 in shares of Tencent (OTC:TCTZF) on 10/21/2025.
• Purchased $1,001 – $15,000 in shares of Mitsubishi Heavy Industries (OTCMKTS:MHVYF) on 10/21/2025.
• Purchased $1,001 – $15,000 in shares of Iberdrola (OTCMKTS:IBDSF) on 10/21/2025.

Flex Stock Performance

Shares of NASDAQ FLEX traded up $1.66 during mid-day trading on Monday, hitting $56.95. The company had a trading volume of 27,480,036 shares, compared to its average volume of 4,115,218. Flex Ltd. has a 12 month low of $25.11 and a 12 month high of $67.00. The firm has a market cap of $21.06 billion, a P/E ratio of 25.20, a PEG ratio of 1.47 and a beta of 1.24. The business’s 50-day simple moving average is $60.17 and its 200-day simple moving average is $52.66. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.33 and a quick ratio of 0.83.

Flex (NASDAQ:FLEX) last posted its quarterly earnings results on Wednesday, October 29th. The technology company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.75 by $0.04. Flex had a return on equity of 20.86% and a net margin of 3.33%.The firm had revenue of $6.80 billion during the quarter, compared to analysts’ expectations of $6.70 billion. During the same quarter in the prior year, the firm posted $0.64 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. Flex has set its FY 2026 guidance at 3.090-3.170 EPS. Q3 2026 guidance at 0.740-0.800 EPS. As a group, analysts predict that Flex Ltd. will post 2.33 earnings per share for the current fiscal year.

Insider Activity at Flex

In other news, Director William D. Watkins sold 20,000 shares of Flex stock in a transaction on Friday, November 21st. The shares were sold at an average price of $54.52, for a total transaction of $1,090,400.00. Following the transaction, the director directly owned 98,073 shares of the company’s stock, valued at $5,346,939.96. This trade represents a 16.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael P. Hartung sold 15,000 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $62.21, for a total transaction of $933,150.00. Following the completion of the sale, the insider owned 211,198 shares of the company’s stock, valued at approximately $13,138,627.58. This represents a 6.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 132,500 shares of company stock worth $7,870,250. 0.57% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on FLEX shares. JPMorgan Chase & Co. lifted their price target on shares of Flex from $60.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Wall Street Zen lowered shares of Flex from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 9th. Zacks Research upgraded shares of Flex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Flex in a report on Wednesday. Finally, Bank of America increased their target price on Flex from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $65.75.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. CIBC Bancorp USA Inc. bought a new stake in Flex during the 3rd quarter worth approximately $968,000. First Commonwealth Financial Corp PA acquired a new position in Flex in the third quarter worth $217,000. Danske Bank A S bought a new stake in shares of Flex during the third quarter worth $1,659,000. Advisory Services Network LLC acquired a new stake in shares of Flex in the third quarter valued at $163,000. Finally, Hancock Whitney Corp lifted its position in Flex by 5.4% during the 3rd quarter. Hancock Whitney Corp now owns 298,471 shares of the technology company’s stock worth $17,302,000 after buying an additional 15,279 shares in the last quarter. Institutional investors own 94.30% of the company’s stock.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Flex Company Profile

Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.