Yuval Wasserman Sells 5,658 Shares of FARO Technologies, Inc. (NASDAQ:FARO) Stock

FARO Technologies, Inc. (NASDAQ:FARO) 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 value of $177,378.30. Following the transaction, the director now directly owns 153,512 shares in the company, valued at approximately $4,812,601.20. The trade was a 3.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

FARO Technologies Price Performance

NASDAQ:FARO traded down $0.83 on Thursday, hitting $30.75. The company had a trading volume of 189,358 shares, compared to its average volume of 237,821. The firm has a 50 day moving average of $27.90 and a two-hundred day moving average of $21.96. The stock has a market capitalization of $581.70 million, a price-to-earnings ratio of -87.85 and a beta of 1.40. FARO Technologies, Inc. has a 52 week low of $13.52 and a 52 week high of $32.90. The company has a current ratio of 2.17, a quick ratio of 1.83 and a debt-to-equity ratio of 0.27.

Institutional Trading of FARO Technologies

Several hedge funds have recently bought and sold shares of FARO. SG Americas Securities LLC grew its position in FARO Technologies by 13.1% during the fourth quarter. SG Americas Securities LLC now owns 8,345 shares of the scientific and technical instruments company’s stock worth $212,000 after buying an additional 966 shares in the last quarter. CWM LLC lifted its stake in shares of FARO Technologies by 41.0% in the 3rd quarter. CWM LLC now owns 3,328 shares of the scientific and technical instruments company’s stock valued at $64,000 after acquiring an additional 968 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of FARO Technologies by 4.5% in the fourth quarter. Rhumbline Advisers now owns 31,279 shares of the scientific and technical instruments company’s stock worth $793,000 after purchasing an additional 1,333 shares during the last quarter. Polar Asset Management Partners Inc. raised its stake in shares of FARO Technologies by 0.4% during the third quarter. Polar Asset Management Partners Inc. now owns 676,796 shares of the scientific and technical instruments company’s stock valued at $12,954,000 after acquiring an additional 2,700 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in FARO Technologies by 5.4% in the 4th quarter. Bank of New York Mellon Corp now owns 65,722 shares of the scientific and technical instruments company’s stock worth $1,667,000 after buying an additional 3,373 shares during the period. Institutional investors and hedge funds own 97.19% of the company’s stock.

Analyst Ratings Changes

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

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.