FARO Technologies, Inc. (NASDAQ:FARO) CFO Sells $43,364.00 in Stock

by · The Cerbat Gem

FARO Technologies, Inc. (NASDAQ:FARO – Get Free Report) CFO Matthew Horwath sold 1,480 shares of FARO Technologies stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $29.30, for a total value of $43,364.00. Following the completion of the transaction, the chief financial officer now owns 39,430 shares of the company’s stock, valued at approximately $1,155,299. The trade was a 3.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

FARO Technologies Trading Up 4.8 %

Shares of FARO Technologies stock traded up $1.32 on Tuesday, reaching $29.03. 238,013 shares of the company were exchanged, compared to its average volume of 175,588. The firm has a market capitalization of $551.05 million, a price-to-earnings ratio of -82.94 and a beta of 1.55. FARO Technologies, Inc. has a fifty-two week low of $13.52 and a fifty-two week high of $33.13. The company has a current ratio of 2.17, a quick ratio of 1.83 and a debt-to-equity ratio of 0.27. The stock has a fifty day moving average price of $29.32 and a 200-day moving average price of $24.21.

FARO Technologies (NASDAQ:FARO – Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The scientific and technical instruments company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.10. FARO Technologies had a negative net margin of 1.87% and a negative return on equity of 2.49%. The firm had revenue of $93.54 million for the quarter, compared to the consensus estimate of $91.40 million. During the same period in the previous year, the firm posted $0.36 earnings per share.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Craig Hallum raised their price target on FARO Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Needham & Company LLC raised their target price on FARO Technologies from $34.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Finally, StockNews.com raised shares of FARO Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday.

Check Out Our Latest Stock Analysis on FARO

Institutional Trading of FARO Technologies

Institutional investors have recently bought and sold shares of the company. Quarry LP bought a new position in FARO Technologies during the fourth quarter valued at approximately $25,000. National Bank of Canada FI acquired a new position in FARO Technologies during the fourth quarter worth $55,000. Lazard Asset Management LLC bought a new position in FARO Technologies during the fourth quarter valued at about $78,000. Covestor Ltd bought a new position in FARO Technologies during the fourth quarter valued at about $111,000. Finally, Aquatic Capital Management LLC acquired a new stake in shares of FARO Technologies in the fourth quarter worth about $155,000. Institutional investors and hedge funds own 97.19% of the company’s stock.

FARO Technologies Company Profile

(Get Free Report)

FARO Technologies, Inc designs, develops, manufactures, markets, and supports software driven three-dimensional measurement, imaging, and realization solutions worldwide. The company offers FaroArm, a combination of a portable articulated measurement arm, a computer, and CAM2 software programs; FARO Laser Tracker, a combination of a portable large-volume laser measurement tool, a computer, and CAM2 software programs; FARO Laser Projector, which provides a virtual template that operators and assemblers can use to position components; FARO Laser Scanning Portfolio to measure and collect a cloud of data points for 3D rendering of an object or area; and FARO Mobile Laser Portfolio provides 3D scanning while attached to other mobile devices, such as drones for metrology, reverse engineering, factory automation, building information modeling, public safety, and other applications.

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