Perimeter Solutions (NYSE:PRM) CFO Kyle Sable Sells 30,000 Shares of Stock

Perimeter Solutions, SA (NYSE:PRM) CFO Kyle Sable sold 30,000 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $31.75, for a total transaction of $952,500.00. Following the sale, the chief financial officer owned 20,000 shares of the company’s stock, valued at approximately $635,000. This represents a 60.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Kyle Sable also recently made the following trade(s):

• On Friday, May 8th, Kyle Sable sold 150,000 shares of Perimeter Solutions stock. The stock was sold at an average price of $31.52, for a total transaction of $4,728,000.00.
• On Monday, May 11th, Kyle Sable sold 20,460 shares of Perimeter Solutions stock. The stock was sold at an average price of $32.89, for a total transaction of $672,929.40.

Perimeter Solutions Stock Down 0.2%

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

Perimeter Solutions (NYSE:PRM) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The firm had revenue of $125.07 million during the quarter, compared to analysts’ expectations of $121.80 million. Perimeter Solutions had a negative net margin of 26.93% and a positive return on equity of 18.29%. Sell-side analysts predict that Perimeter Solutions, SA will post 1.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PRM shares. Zacks Research upgraded shares of Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 14th. Weiss Ratings upgraded shares of Perimeter Solutions from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday. Wall Street Zen upgraded shares of Perimeter Solutions from a “hold” rating to a “buy” rating in a research note on Saturday. UBS Group raised their target price on shares of Perimeter Solutions from $30.00 to $34.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Morgan Stanley raised their target price on shares of Perimeter Solutions from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Perimeter Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $37.00.

Institutional Trading of Perimeter Solutions

Hedge funds have recently made changes to their positions in the company. Arax Advisory Partners lifted its stake in shares of Perimeter Solutions by 122.8% in the 4th quarter. Arax Advisory Partners now owns 1,047 shares of the company’s stock worth $29,000 after acquiring an additional 577 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Perimeter Solutions by 51.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,143 shares of the company’s stock valued at $31,000 after purchasing an additional 389 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Perimeter Solutions in the 3rd quarter valued at about $27,000. TD Private Client Wealth LLC increased its holdings in shares of Perimeter Solutions by 1,450.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 2,108 shares of the company’s stock valued at $47,000 after purchasing an additional 1,972 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of Perimeter Solutions by 55.7% in the 4th quarter. Larson Financial Group LLC now owns 2,514 shares of the company’s stock valued at $69,000 after purchasing an additional 899 shares in the last quarter. Institutional investors and hedge funds own 89.93% of the company’s stock.

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.