The COO of Faro Technologies is Exercising Options


Today it was reported that the COO of Faro Technologies (NASDAQ: FARO), Kathleen Hall, exercised options to sell 26,252 FARO shares at $38.57 a share, for a total transaction value of $1.77M.

In addition to Kathleen Hall, 4 other FARO executives reported Sell trades in the last month.

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Based on Faro Technologies’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $98.24 million and quarterly net profit of $1.21 million. In comparison, last year the company earned revenue of $82.68 million and had a GAAP net loss of $3.63 million. Currently, Faro Technologies has an average volume of 54.35K.

Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $73.00, reflecting a -9.4% downside.

The insider sentiment on Faro Technologies has been negative according to 24 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.

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