Perimeter Solutions, SA (NYSE:PRM) Director Sells $1,178,000.00 in Stock

Perimeter Solutions, SA (NYSE:PRM) Director Vivek Raj sold 100,000 shares of the business’s stock in a transaction on Monday, May 19th. The shares were sold at an average price of $11.78, for a total transaction of $1,178,000.00. Following the completion of the sale, the director now owns 168,942 shares in the company, valued at $1,990,136.76. This represents a 37.18% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Vivek Raj also recently made the following trade(s):

• On Tuesday, May 20th, Vivek Raj sold 68,810 shares of Perimeter Solutions stock. The shares were sold at an average price of $11.84, for a total transaction of $814,710.40.
• On Thursday, May 15th, Vivek Raj sold 100,000 shares of Perimeter Solutions stock. The shares were sold at an average price of $11.92, for a total transaction of $1,192,000.00.
• On Tuesday, May 13th, Vivek Raj sold 2,284 shares of Perimeter Solutions stock. The stock was sold at an average price of $12.22, for a total value of $27,910.48.
• On Friday, March 14th, Vivek Raj sold 250,000 shares of Perimeter Solutions stock. The stock was sold at an average price of $9.17, for a total value of $2,292,500.00.

Perimeter Solutions Stock Up 0.1%

NYSE:PRM opened at $11.83 on Wednesday. The stock’s fifty day moving average price is $10.22 and its two-hundred day moving average price is $11.57. Perimeter Solutions, SA has a 52-week low of $7.00 and a 52-week high of $14.44. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.95 and a current ratio of 3.91. The company has a market cap of $1.75 billion, a price-to-earnings ratio of -84.49 and a beta of 1.88.

Perimeter Solutions (NYSE:PRM) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.12. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. The business had revenue of $72.03 million for the quarter, compared to analyst estimates of $75.00 million. On average, analysts anticipate that Perimeter Solutions, SA will post 0.71 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its holdings in Perimeter Solutions by 2.0% in the first quarter. Principal Financial Group Inc. now owns 10,912,291 shares of the company’s stock valued at $109,887,000 after buying an additional 218,002 shares during the period. Vanguard Group Inc. lifted its stake in shares of Perimeter Solutions by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 8,358,929 shares of the company’s stock valued at $84,174,000 after purchasing an additional 147,336 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Perimeter Solutions by 19.9% in the 4th quarter. JPMorgan Chase & Co. now owns 5,856,611 shares of the company’s stock valued at $74,847,000 after purchasing an additional 971,623 shares during the period. Corient Private Wealth LLC acquired a new position in shares of Perimeter Solutions in the 4th quarter valued at $41,780,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Perimeter Solutions by 22.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,113,380 shares of the company’s stock valued at $39,789,000 after purchasing an additional 579,987 shares during the period. 89.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Morgan Stanley reduced their price objective on Perimeter Solutions from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Friday, May 16th. UBS Group upgraded shares of Perimeter Solutions from a “neutral” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Wednesday, March 26th.

Perimeter Solutions Company Profile

Perimeter Solutions, SA manufactures and supplies firefighting products and lubricant additives in the United States, Germany, and internationally. It operates in two segments, Fire Safety and Specialty Products. The Fire Safety segment provides fire retardants and firefighting foams, as well as specialized equipment and services for federal, state, provincial, local/municipal, and commercial customers.