Vivek Raj Sells 250,000 Shares of Perimeter Solutions, SA (NYSE:PRM) Stock

Perimeter Solutions, SA (NYSE:PRM) Director Vivek Raj sold 250,000 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $9.17, for a total transaction of $2,292,500.00. Following the completion of the sale, the director now owns 471,226 shares in the company, valued at approximately $4,321,142.42. This trade represents a 34.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Perimeter Solutions Stock Performance

Shares of NYSE:PRM traded down $0.15 during trading on Monday, reaching $9.08. 1,009,142 shares of the company’s stock traded hands, compared to its average volume of 824,111. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95. Perimeter Solutions, SA has a 12 month low of $6.01 and a 12 month high of $14.44. The company has a 50 day moving average of $11.61 and a 200-day moving average of $12.38. The stock has a market capitalization of $1.36 billion, a P/E ratio of -64.82 and a beta of 1.93.

Perimeter Solutions (NYSE:PRM) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.21. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. The business had revenue of $86.23 million during the quarter, compared to the consensus estimate of $77.01 million. On average, equities analysts expect that Perimeter Solutions, SA will post 0.71 EPS for the current year.

Institutional Investors Weigh In On Perimeter Solutions

A number of institutional investors have recently modified their holdings of the business. Summit Investment Advisors Inc. grew its position in shares of Perimeter Solutions by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 14,000 shares of the company’s stock valued at $179,000 after buying an additional 889 shares during the last quarter. Orion Portfolio Solutions LLC grew its position in shares of Perimeter Solutions by 14.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 11,794 shares of the company’s stock valued at $151,000 after buying an additional 1,519 shares during the last quarter. Bleakley Financial Group LLC grew its position in Perimeter Solutions by 6.7% in the 4th quarter. Bleakley Financial Group LLC now owns 28,380 shares of the company’s stock worth $363,000 after purchasing an additional 1,778 shares during the last quarter. Sei Investments Co. grew its position in Perimeter Solutions by 2.2% in the 4th quarter. Sei Investments Co. now owns 89,063 shares of the company’s stock worth $1,138,000 after purchasing an additional 1,884 shares during the last quarter. Finally, Townsquare Capital LLC grew its position in Perimeter Solutions by 11.8% in the 4th quarter. Townsquare Capital LLC now owns 21,370 shares of the company’s stock worth $273,000 after purchasing an additional 2,258 shares during the last quarter. Institutional investors own 89.93% of the company’s stock.

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.