Perimeter Solutions (NYSE:PRM) Insider Jeffrey Emery Sells 99,963 Shares of Stock

Perimeter Solutions, SA (NYSE:PRM) insider Jeffrey Emery sold 99,963 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $32.92, for a total value of $3,290,781.96. Following the transaction, the insider directly owned 46,500 shares in the company, valued at approximately $1,530,780. The trade was a 68.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Jeffrey Emery also recently made the following trade(s):

• On Friday, May 8th, Jeffrey Emery sold 46,500 shares of Perimeter Solutions stock. The shares were sold at an average price of $32.00, for a total value of $1,488,000.00.

Perimeter Solutions Price Performance

NYSE PRM opened at $32.09 on Wednesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 3.09 and a quick ratio of 2.42. The stock’s fifty day moving average price is $25.83 and its 200 day moving average price is $26.43. Perimeter Solutions, SA has a 1 year low of $11.55 and a 1 year high of $34.29. The company has a market cap of $5.23 billion, a price-to-earnings ratio of -23.95 and a beta of 1.93.

Perimeter Solutions (NYSE:PRM) last released its earnings results on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. Perimeter Solutions had a positive return on equity of 18.29% and a negative net margin of 26.93%.The firm had revenue of $125.07 million for the quarter, compared to the consensus estimate of $121.80 million. As a group, equities research analysts forecast that Perimeter Solutions, SA will post 1.47 earnings per share for the current year.

Institutional Investors Weigh In On Perimeter Solutions

Several hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its holdings in Perimeter Solutions by 195.8% in the first quarter. PNC Financial Services Group Inc. now owns 68,052 shares of the company’s stock valued at $1,662,000 after purchasing an additional 45,043 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Perimeter Solutions by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 4,763,465 shares of the company’s stock valued at $116,286,000 after purchasing an additional 27,643 shares during the last quarter. Swiss National Bank boosted its holdings in Perimeter Solutions by 1.4% in the first quarter. Swiss National Bank now owns 278,100 shares of the company’s stock valued at $6,791,000 after purchasing an additional 3,900 shares during the last quarter. Assetmark Inc. boosted its holdings in Perimeter Solutions by 1,512.7% in the first quarter. Assetmark Inc. now owns 4,064 shares of the company’s stock valued at $99,000 after purchasing an additional 3,812 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in Perimeter Solutions by 61.2% in the first quarter. Bessemer Group Inc. now owns 1,064,925 shares of the company’s stock valued at $26,006,000 after purchasing an additional 404,417 shares during the last quarter. 89.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PRM has been the topic of several research reports. Morgan Stanley upped their target price on Perimeter Solutions from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday. Wall Street Zen raised Perimeter Solutions from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings raised Perimeter Solutions from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday. Zacks Research raised Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. Finally, UBS Group upped their target price on Perimeter Solutions from $30.00 to $34.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $37.00.

About Perimeter Solutions

Perimeter Solutions Ltd. (NYSE: PRM) is a global specialty chemicals company focused on delivering performance-driven solutions for the oil and gas, coatings, plastics, water treatment and packaging markets. Established as an independent publicly traded company in December 2019 following its spin-off from NewMarket Corporation, Perimeter Solutions has positioned itself as a leading provider of highly engineered chemical products designed to optimize upstream oil recovery, protect infrastructure and enhance the performance of industrial processes.

The company’s core product portfolio spans several key segments.