FARO Technologies, Inc. (NASDAQ:FARO) Director Sells $177,378.30 in Stock

FARO Technologies, Inc. (NASDAQ:FARO - Get Free Report) Director Yuval Wasserman sold 5,658 shares of FARO Technologies stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $31.35, for a total transaction of $177,378.30. Following the completion of the transaction, the director now owns 153,512 shares of the company's stock, valued at $4,812,601.20. The trade was a 3.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

FARO Technologies Stock Up 0.4 %

Shares of FARO traded up $0.12 on Monday, reaching $29.61. The stock had a trading volume of 253,427 shares, compared to its average volume of 243,793. The firm has a market capitalization of $560.22 million, a price-to-earnings ratio of -84.60 and a beta of 1.40. The company has a 50-day simple moving average of $28.12 and a 200-day simple moving average of $22.26. FARO Technologies, Inc. has a 12-month low of $13.52 and a 12-month high of $32.90. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.83 and a current ratio of 2.17.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on FARO shares. Needham & Company LLC raised their price objective on FARO Technologies from $26.00 to $34.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. StockNews.com upgraded FARO Technologies from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, November 12th. Finally, Craig Hallum boosted their price objective on FARO Technologies from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Thursday, December 12th.

Institutional Investors Weigh In On FARO Technologies

Institutional investors have recently modified their holdings of the stock. CWM LLC grew its position in FARO Technologies by 41.0% during the 3rd quarter. CWM LLC now owns 3,328 shares of the scientific and technical instruments company's stock valued at $64,000 after purchasing an additional 968 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of FARO Technologies in the third quarter worth approximately $141,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of FARO Technologies during the third quarter valued at approximately $213,000. Inceptionr LLC bought a new stake in shares of FARO Technologies during the fourth quarter valued at approximately $306,000. Finally, Range Financial Group LLC purchased a new position in FARO Technologies in the 4th quarter worth approximately $374,000. 97.19% of the stock is owned by hedge funds and other institutional investors.

FARO Technologies Company Profile

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.