FARO Technologies, Inc. (NASDAQ:FARO) SVP Jody Storm Gale sold 10,666 shares of the business’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $59.77, for a total transaction of $637,506.82. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of FARO Technologies, Inc. (NASDAQ:FARO) traded up $1.45 on Monday, hitting $62.30. 119,394 shares of the stock traded hands, compared to its average volume of 91,552. The firm has a market cap of $1,060.00, a PE ratio of -30.84 and a beta of 1.44. FARO Technologies, Inc. has a 12 month low of $31.90 and a 12 month high of $63.45.
FARO Technologies (NASDAQ:FARO) last announced its quarterly earnings data on Wednesday, February 21st. The scientific and technical instruments company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.14. The company had revenue of $106.40 million for the quarter, compared to analysts’ expectations of $104.31 million. FARO Technologies had a negative net margin of 4.02% and a positive return on equity of 1.39%. The business’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS. sell-side analysts forecast that FARO Technologies, Inc. will post 1.07 earnings per share for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in FARO. Municipal Employees Retirement System of Michigan grew its stake in shares of FARO Technologies by 59.3% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 6,260 shares of the scientific and technical instruments company’s stock worth $239,000 after purchasing an additional 2,330 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of FARO Technologies in the 4th quarter worth approximately $272,000. Voya Investment Management LLC grew its stake in shares of FARO Technologies by 13.5% in the 2nd quarter. Voya Investment Management LLC now owns 8,197 shares of the scientific and technical instruments company’s stock worth $310,000 after purchasing an additional 974 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of FARO Technologies by 50.4% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 8,955 shares of the scientific and technical instruments company’s stock worth $343,000 after purchasing an additional 2,999 shares during the last quarter. Finally, Advisory Research Inc. acquired a new position in shares of FARO Technologies in the 4th quarter worth approximately $354,000. 93.83% of the stock is currently owned by institutional investors.
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FARO Technologies Company Profile
FARO Technologies, Inc designs, develops, manufactures, markets and supports software driven, three-dimensional (3D) measurement, imaging and realization systems. The Company operates in three segments: Factory Metrology, Construction BIM-CIM and Other. It sells its products through a direct sales force across customers in a range of manufacturing, industrial, architecture, surveying, building construction and law enforcement applications.
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