Cubist Systematic Strategies LLC Buys Shares of 39,892 FARO Technologies, Inc. (NASDAQ:FARO)

Cubist Systematic Strategies LLC purchased a new position in shares of FARO Technologies, Inc. (NASDAQ:FARO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 39,892 shares of the scientific and technical instruments company's stock, valued at approximately $1,012,000. Cubist Systematic Strategies LLC owned approximately 0.21% of FARO Technologies as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in FARO. Quarry LP acquired a new position in FARO Technologies during the 4th quarter worth approximately $25,000. National Bank of Canada FI purchased a new stake in shares of FARO Technologies in the fourth quarter valued at approximately $55,000. Covestor Ltd acquired a new position in FARO Technologies during the fourth quarter worth $111,000. Aquatic Capital Management LLC purchased a new position in FARO Technologies in the fourth quarter worth $155,000. Finally, SG Americas Securities LLC raised its position in FARO Technologies by 13.1% in 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 acquiring an additional 966 shares in the last quarter. Institutional investors and hedge funds own 97.19% of the company's stock.

FARO Technologies Price Performance

FARO traded down $0.18 during trading on Monday, reaching $42.10. 605,614 shares of the stock were exchanged, compared to its average volume of 277,003. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.17 and a quick ratio of 1.83. The company has a market capitalization of $809.41 million, a price-to-earnings ratio of -120.28 and a beta of 1.49. FARO Technologies, Inc. has a 1 year low of $13.52 and a 1 year high of $42.64. The business's 50 day moving average price is $30.25 and its two-hundred day moving average price is $28.65.

FARO Technologies (NASDAQ:FARO - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The scientific and technical instruments company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.40 by $0.10. The business had revenue of $93.54 million for the quarter, compared to analyst estimates of $91.40 million. FARO Technologies had a negative net margin of 1.87% and a negative return on equity of 2.49%. During the same period in the previous year, the firm earned $0.36 EPS.

Insider Buying and Selling at FARO Technologies

In other news, CFO Matthew Horwath sold 1,480 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $29.30, for a total transaction of $43,364.00. Following the completion of the transaction, the chief financial officer now directly owns 39,430 shares of the company's stock, valued at $1,155,299. This trade represents a 3.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Peter James Lau sold 4,617 shares of the company's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $29.30, for a total value of $135,278.10. Following the completion of the sale, the chief executive officer now directly owns 160,076 shares in the company, valued at approximately $4,690,226.80. The trade was a 2.80% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.40% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on FARO. StockNews.com started coverage on shares of FARO Technologies in a research note on Friday. They set a "buy" rating on the stock. Craig Hallum lowered shares of FARO Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Finally, Needham & Company LLC cut shares of FARO Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th.

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.