Yesterday, the President & CEO of Faro Technologies (NASDAQ: FARO), Simon Raab, sold shares of FARO for $1.02M.
In addition to Simon Raab, 5 other FARO executives reported Sell trades in the last month. Following Simon Raab’s last FARO Sell transaction on August 17, 2018, the stock climbed by 1.6%.
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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 42.56K.
Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $73.00, reflecting a 7.4% upside.
The insider sentiment on Faro Technologies has been negative according to 26 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Simon Raab’s trades have generated a -15.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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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.
