Yuval Wasserman Sells 10,075 Shares of FARO Technologies, Inc. (NASDAQ:FARO) Stock

FARO Technologies, Inc. (NASDAQ:FARO) Director Yuval Wasserman sold 10,075 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $16.64, for a total value of $167,648.00. Following the completion of the transaction, the director now directly owns 183,221 shares in the company, valued at $3,048,797.44. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Yuval Wasserman also recently made the following trade(s):

• On Monday, June 17th, Yuval Wasserman sold 10,149 shares of FARO Technologies stock. The shares were sold at an average price of $16.52, for a total value of $167,661.48.
• On Wednesday, June 12th, Yuval Wasserman sold 8,986 shares of FARO Technologies stock. The shares were sold at an average price of $18.65, for a total value of $167,588.90.

FARO Technologies Stock Down 1.4 %

Shares of NASDAQ FARO opened at $16.62 on Wednesday. The stock has a 50 day moving average price of $18.57 and a 200 day moving average price of $20.41. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.03 and a current ratio of 2.35. The firm has a market capitalization of $319.27 million, a price-to-earnings ratio of -7.39 and a beta of 1.32. FARO Technologies, Inc. has a 52-week low of $12.34 and a 52-week high of $24.80.

FARO Technologies (NASDAQ:FARO) last issued its quarterly earnings data on Wednesday, May 1st. The scientific and technical instruments company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.11). FARO Technologies had a negative net margin of 11.92% and a negative return on equity of 16.09%. The business had revenue of $84.24 million for the quarter. During the same period in the previous year, the company posted ($1.12) EPS.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on FARO shares. StockNews.com upgraded FARO Technologies from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $27.00 price target on shares of FARO Technologies in a research report on Friday, May 3rd.

Institutional Trading of FARO Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in FARO. Price T Rowe Associates Inc. MD grew its position in FARO Technologies by 3.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,806 shares of the scientific and technical instruments company’s stock worth $642,000 after purchasing an additional 897 shares during the period. Nisa Investment Advisors LLC grew its position in FARO Technologies by 16.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,420 shares of the scientific and technical instruments company’s stock worth $145,000 after purchasing an additional 900 shares during the period. Swiss National Bank grew its position in FARO Technologies by 2.7% during the 3rd quarter. Swiss National Bank now owns 41,600 shares of the scientific and technical instruments company’s stock worth $634,000 after purchasing an additional 1,100 shares during the period. Barclays PLC grew its position in FARO Technologies by 25.8% during the 3rd quarter. Barclays PLC now owns 9,554 shares of the scientific and technical instruments company’s stock worth $146,000 after purchasing an additional 1,957 shares during the period. Finally, King Luther Capital Management Corp grew its position in FARO Technologies by 3.9% during the 4th quarter. King Luther Capital Management Corp now owns 80,000 shares of the scientific and technical instruments company’s stock worth $1,802,000 after purchasing an additional 3,000 shares during the period. Hedge funds and other institutional investors own 97.19% of the company’s stock.

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.