FARO Technologies, Inc. (NASDAQ:FARO) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC lowered its stake in FARO Technologies, Inc. (NASDAQ:FARO) by 13.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,975 shares of the scientific and technical instruments company’s stock after selling 14,213 shares during the quarter. Squarepoint Ops LLC owned approximately 0.47% of FARO Technologies worth $1,440,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in the company. CWM LLC increased its holdings in shares of FARO Technologies by 343.6% in the 2nd quarter. CWM LLC now owns 2,360 shares of the scientific and technical instruments company’s stock valued at $38,000 after purchasing an additional 1,828 shares during the period. American Century Companies Inc. increased its holdings in shares of FARO Technologies by 16.7% during the 2nd quarter. American Century Companies Inc. now owns 20,903 shares of the scientific and technical instruments company’s stock valued at $334,000 after acquiring an additional 2,993 shares during the last quarter. Sierra Summit Advisors LLC acquired a new position in FARO Technologies during the fourth quarter valued at approximately $618,000. Price T Rowe Associates Inc. MD grew its holdings in FARO Technologies by 3.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,806 shares of the scientific and technical instruments company’s stock valued at $642,000 after purchasing an additional 897 shares during the last quarter. Finally, 272 Capital LP raised its position in shares of FARO Technologies by 54.9% in the second quarter. 272 Capital LP now owns 56,729 shares of the scientific and technical instruments company’s stock valued at $908,000 after purchasing an additional 20,100 shares during the period. Institutional investors and hedge funds own 97.19% of the company’s stock.

FARO Technologies Price Performance

Shares of NASDAQ:FARO opened at $17.95 on Friday. The business’s 50 day moving average is $16.94 and its 200-day moving average is $17.90. The company has a current ratio of 2.33, a quick ratio of 2.01 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $344.75 million, a PE ratio of -7.98 and a beta of 1.25. FARO Technologies, Inc. has a 1-year low of $12.34 and a 1-year high of $24.80.

FARO Technologies (NASDAQ:FARO) last announced its quarterly earnings results on Thursday, August 8th. The scientific and technical instruments company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.14. The firm had revenue of $82.09 million for the quarter. FARO Technologies had a negative net margin of 4.25% and a negative return on equity of 5.72%.

Analysts Set New Price Targets

FARO has been the subject of a number of recent analyst reports. Craig Hallum decreased their price target on shares of FARO Technologies from $29.00 to $25.00 and set a “buy” rating for the company in a report on Friday, August 9th. Needham & Company LLC decreased their target price on FARO Technologies from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Friday, August 9th.

Insiders Place Their Bets

In other FARO Technologies news, CEO Peter James Lau sold 5,435 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $16.67, for a total transaction of $90,601.45. Following the sale, the chief executive officer now directly owns 133,975 shares of the company’s stock, valued at approximately $2,233,363.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.10% 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.