Insider Selling: Perimeter Solutions (NYSE:PRM) Insider Sells 53,537 Shares of Stock

Perimeter Solutions, SA (NYSE:PRM) insider Jeffrey Emery sold 53,537 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $33.45, for a total value of $1,790,812.65. Following the completion of the sale, the insider owned 53,537 shares of the company’s stock, valued at approximately $1,790,812.65. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Friday, May 8th, Jeffrey Emery sold 46,500 shares of Perimeter Solutions stock. The stock was sold at an average price of $32.00, for a total value of $1,488,000.00.
• On Monday, May 11th, Jeffrey Emery sold 99,963 shares of Perimeter Solutions stock. The stock was sold at an average price of $32.92, for a total value of $3,290,781.96.

Perimeter Solutions Trading Down 2.3%

NYSE PRM traded down $0.79 on Friday, hitting $33.21. The company’s stock had a trading volume of 1,479,005 shares, compared to its average volume of 1,118,056. Perimeter Solutions, SA has a 52-week low of $11.55 and a 52-week high of $34.89. The company has a current ratio of 3.09, a quick ratio of 2.42 and a debt-to-equity ratio of 1.01. The company’s 50-day simple moving average is $26.23 and its 200 day simple moving average is $26.60. The firm has a market cap of $5.42 billion, a P/E ratio of -24.78 and a beta of 1.93.

Perimeter Solutions (NYSE:PRM) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, topping 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 business had revenue of $125.07 million during the quarter, compared to analysts’ expectations of $121.80 million. Research analysts predict that Perimeter Solutions, SA will post 1.91 EPS for the current fiscal year.

Hedge Funds Weigh In On Perimeter Solutions

A number of hedge funds have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Perimeter Solutions by 239.0% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 54,900 shares of the company’s stock worth $1,524,000 after buying an additional 38,703 shares during the last quarter. Tudor Investment Corp ET AL grew its holdings in shares of Perimeter Solutions by 395.5% during the third quarter. Tudor Investment Corp ET AL now owns 144,893 shares of the company’s stock valued at $3,244,000 after buying an additional 115,653 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Perimeter Solutions by 3.2% during the third quarter. Nordea Investment Management AB now owns 555,662 shares of the company’s stock valued at $12,102,000 after acquiring an additional 17,295 shares in the last quarter. Federated Hermes Inc. increased its position in shares of Perimeter Solutions by 52,387.7% during the third quarter. Federated Hermes Inc. now owns 298,130 shares of the company’s stock valued at $6,675,000 after acquiring an additional 297,562 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in Perimeter Solutions by 197.2% in the 4th quarter. SG Americas Securities LLC now owns 230,940 shares of the company’s stock worth $6,358,000 after acquiring an additional 153,228 shares during the last quarter. Institutional investors own 89.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Zacks Research upgraded shares of Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. Weiss Ratings raised Perimeter Solutions from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday. Wall Street Zen upgraded Perimeter Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Morgan Stanley increased their target price on Perimeter Solutions from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, UBS Group lifted their price target 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 analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.00.

Perimeter Solutions Company Profile

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.