A Director at Faro Technologies (NASDAQ: FARO) is Selling Shares

By Carrie Williams

Today, a Director at Faro Technologies (NASDAQ: FARO), Lynn Brubaker, sold shares of FARO for $130.8K.

Following Lynn Brubaker’s last FARO Sell transaction on February 07, 2013, the stock climbed by 27.2%. In addition to Lynn Brubaker, one other FARO executive reported Sell trades in the last month.

Based on Faro Technologies’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $106 million and GAAP net loss of $11.06 million. In comparison, last year the company earned revenue of $91.7 million and had a net profit of $3.55 million. The company has a one-year high of $63.90 and a one-year low of $31.90. Currently, Faro Technologies has an average volume of 77.99K.

Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $62.8, reflecting a -2.9% downside.

The insider sentiment on Faro Technologies has been negative according to 13 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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FARO Technologies, Inc. engages in the design, development, manufacture, marketing, and support of three-dimensional (3D) measurement, imaging, and realization systems. It operates through the following segments: Factory Metrology, Construction BIM-CIM, and Other.