FARO Technologies, Inc. (NASDAQ:FARO) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its stake in FARO Technologies, Inc. (NASDAQ:FARO - Free Report) by 15.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,482,354 shares of the scientific and technical instruments company's stock after selling 263,822 shares during the period. Vanguard Group Inc. owned approximately 7.82% of FARO Technologies worth $22,576,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Point72 Asset Management L.P. bought a new stake in FARO Technologies in the 2nd quarter worth approximately $26,000. Tower Research Capital LLC TRC grew its position in shares of FARO Technologies by 179.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,749 shares of the scientific and technical instruments company's stock valued at $48,000 after acquiring an additional 1,123 shares during the period. Captrust Financial Advisors grew its position in shares of FARO Technologies by 29.7% during the 1st quarter. Captrust Financial Advisors now owns 1,985 shares of the scientific and technical instruments company's stock valued at $103,000 after acquiring an additional 455 shares during the period. PNC Financial Services Group Inc. grew its position in shares of FARO Technologies by 15.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,021 shares of the scientific and technical instruments company's stock valued at $208,000 after acquiring an additional 523 shares during the period. Finally, Royal Bank of Canada grew its position in shares of FARO Technologies by 241.7% during the 2nd quarter. Royal Bank of Canada now owns 4,183 shares of the scientific and technical instruments company's stock valued at $68,000 after acquiring an additional 2,959 shares during the period. Institutional investors own 97.19% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reissued a "buy" rating and set a $27.00 price objective on shares of FARO Technologies in a research report on Thursday, February 29th.

Insider Activity at FARO Technologies

In related news, VP Jeffrey D. Sexton sold 1,500 shares of FARO Technologies stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $20.06, for a total transaction of $30,090.00. Following the transaction, the vice president now owns 27,706 shares in the company, valued at approximately $555,782.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.00% of the stock is owned by corporate insiders.

FARO Technologies Stock Performance

Shares of FARO stock traded down $0.34 during mid-day trading on Friday, reaching $19.64. 151,931 shares of the company's stock traded hands, compared to its average volume of 204,583. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.00 and a current ratio of 2.31. FARO Technologies, Inc. has a 12 month low of $10.30 and a 12 month high of $25.00. The firm has a 50 day moving average price of $21.42 and a two-hundred day moving average price of $19.48. The firm has a market capitalization of $372.55 million, a PE ratio of -6.57 and a beta of 1.40.

FARO Technologies (NASDAQ:FARO - Get Free Report) last released its earnings results on Tuesday, February 27th. The scientific and technical instruments company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of ($0.23) by $0.31. FARO Technologies had a negative net margin of 15.77% and a negative return on equity of 20.66%. The company had revenue of $98.84 million for the quarter.

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.