FARO Technologies, Inc. (NASDAQ:FARO) Shares Sold by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. decreased its position in FARO Technologies, Inc. (NASDAQ:FARO - Free Report) by 18.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 552,392 shares of the scientific and technical instruments company's stock after selling 124,404 shares during the quarter. Polar Asset Management Partners Inc. owned 2.92% of FARO Technologies worth $14,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Quarry LP bought a new position in shares of FARO Technologies during the 4th quarter valued at approximately $25,000. National Bank of Canada FI bought a new position in shares of FARO Technologies during the 4th quarter valued at approximately $55,000. Lazard Asset Management LLC bought a new position in shares of FARO Technologies during the 4th quarter valued at approximately $78,000. Covestor Ltd bought a new position in shares of FARO Technologies during the 4th quarter valued at approximately $111,000. Finally, Aquatic Capital Management LLC bought a new position in shares of FARO Technologies during the 4th quarter valued at approximately $155,000. Institutional investors own 97.19% of the company's stock.

FARO Technologies Trading Up 0.1%

FARO Technologies stock traded up $0.04 during mid-day trading on Friday, hitting $42.28. The company's stock had a trading volume of 613,486 shares, compared to its average volume of 275,683. The company has a 50 day moving average of $29.98 and a 200-day moving average of $28.40. The stock has a market cap of $812.88 million, a PE ratio of -120.80 and a beta of 1.49. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.83 and a current ratio of 2.17. FARO Technologies, Inc. has a one year low of $13.52 and a one year high of $42.64.

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FARO. Needham & Company LLC downgraded FARO Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Craig Hallum downgraded FARO Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Finally, StockNews.com assumed coverage on FARO Technologies in a research report on Friday. They issued a "buy" rating on the stock.

Insider Buying and Selling

In other FARO Technologies news, CEO Peter James Lau sold 4,617 shares of the stock in a transaction dated Friday, March 7th. The stock was 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. This trade represents a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Matthew Horwath sold 1,480 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $29.30, for a total value of $43,364.00. Following the completion of the sale, the chief financial officer now owns 39,430 shares of the company's stock, valued at approximately $1,155,299. This trade represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by company insiders.

About FARO Technologies

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.