Perimeter Solutions, SA (NYSE:PRM) Director Vivek Raj Sells 68,810 Shares of Stock

Perimeter Solutions, SA (NYSE:PRM) Director Vivek Raj sold 68,810 shares of the company’s stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $11.84, for a total transaction of $814,710.40. Following the completion of the sale, the director now directly owns 100,132 shares of the company’s stock, valued at $1,185,562.88. The trade was a 40.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, May 19th, Vivek Raj sold 100,000 shares of Perimeter Solutions stock. The stock was sold at an average price of $11.78, for a total transaction of $1,178,000.00.
• On Thursday, May 15th, Vivek Raj sold 100,000 shares of Perimeter Solutions stock. The stock was 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 Price Performance

NYSE PRM opened at $11.83 on Wednesday. The company has a 50 day simple moving average of $10.22 and a 200-day simple moving average of $11.57. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of -84.49 and a beta of 1.88. Perimeter Solutions, SA has a 52-week low of $7.00 and a 52-week high of $14.44.

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

Hedge Funds Weigh In On Perimeter Solutions

Hedge funds have recently added to or reduced their stakes in the company. Comerica Bank acquired a new position in Perimeter Solutions in the fourth quarter worth approximately $38,000. Harbor Investment Advisory LLC increased its holdings in Perimeter Solutions by 25.6% in the first quarter. Harbor Investment Advisory LLC now owns 9,315 shares of the company’s stock worth $94,000 after buying an additional 1,899 shares during the last quarter. Xponance Inc. acquired a new position in Perimeter Solutions in the first quarter worth approximately $101,000. Gilbert & Cook Inc. acquired a new position in Perimeter Solutions in the first quarter worth approximately $104,000. Finally, New York State Teachers Retirement System acquired a new position in Perimeter Solutions in the first quarter worth approximately $123,000. Institutional investors and hedge funds own 89.93% of the company’s stock.

Wall Street Analyst Weigh In

PRM has been the topic of several recent analyst reports. UBS Group upgraded Perimeter Solutions from a “neutral” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Wednesday, March 26th. Morgan Stanley cut their price objective on Perimeter Solutions from $18.00 to $17.00 and set an “overweight” rating on the stock in a report on Friday, May 16th.

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.