Faro Technologies Inc (FARO) Files Form 4 Insider Buying : Stephen Cole Buys 5,000 Shares

Faro Technologies Inc (FARO): Stephen Cole , director of Faro Technologies Inc purchased 5,000 shares on May 6, 2016. The Insider buying transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were purchased at $33.80 per share for a total value of $169,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Nov 9, 2015, Marvin R Sambur (director) purchased 2,200 shares at $24.96 per share price.On May 6, 2015, Stephen Cole (director) purchased 2,000 shares at $40.50 per share price.Also, On Mar 2, 2015, Jay Freeland (President & CEO) sold 40,000 shares at $60.33 per share price.

Shares of FARO Technologies (FARO) ended Friday, May 6, 2016 session in red amid volatile trading. The shares closed down -0.58 points or -1.66% at $34.26 with 1,45,532 shares getting traded. Post opening the session at $34.49, the shares hit an intraday low of $33.67 and an intraday high of $35.104 and the price vacillated in this range throughout the day. The company has a market cap of $570 M and the number of outstanding shares has been calculated to be 1,66,51,872 shares. The 52-week high of FARO Technologies is $48.36 and the 52-week low is $20.72.

FARO Technologies Money Flow Index Chart

Company has been under the radar of several Street Analysts.FARO Technologies is Reiterated by Needham to Buy and the brokerage firm has raised the Price Target to $ 39 from a previous price target of $37 .The Rating was issued on May 5, 2016.FARO Technologies is Upgraded by Noble Financial to Buy and the brokerage firm has set the Price Target at $41. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on May 5, 2016.

FARO Technologies Inc. designs develops manufactures markets and supports software driven three-dimensional (3-D) measurement imaging and realization systems. The Company operates in three segments: Americas Europe/Africa and Asia-Pacific. The Company sells its products through a direct sales force across a number of customers in a range of manufacturing industrial architecture surveying building construction and law enforcement applications. Its FaroArm FARO Laser ScanArm FARO Gage FARO Laser Tracker FARO 3D Imager AMP and their companion CAM2 software provide for Computer-Aided Design (CAD)-based inspection and/or factory-level statistical process control and surveying. Its FARO Focus3D and FARO Freestyle3D laser scanners and their companion SCENE and FARO forensic software are utilized for a variety of 3-D modeling documentation and surveying applications including in two of its vertical markets: architecture engineering and construction and law enforcement.

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