Perimeter Solutions, SA (NYSE:PRM) Shares Sold by Jane Street Group LLC

Jane Street Group LLC cut its stake in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 72.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,256 shares of the company's stock after selling 72,765 shares during the period. Jane Street Group LLC's holdings in Perimeter Solutions were worth $348,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Comerica Bank purchased a new position in shares of Perimeter Solutions in the fourth quarter valued at approximately $38,000. McAdam LLC purchased a new position in shares of Perimeter Solutions in the fourth quarter valued at approximately $131,000. Tower Research Capital LLC TRC boosted its stake in shares of Perimeter Solutions by 90.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,665 shares of the company's stock valued at $136,000 after purchasing an additional 5,054 shares during the period. Orion Portfolio Solutions LLC boosted its stake in shares of Perimeter Solutions by 14.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 11,794 shares of the company's stock valued at $151,000 after purchasing an additional 1,519 shares during the period. Finally, Voleon Capital Management LP purchased a new position in shares of Perimeter Solutions in the fourth quarter valued at approximately $154,000. 89.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on PRM shares. UBS Group raised shares of Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 price objective for the company in a research note on Wednesday, March 26th. Morgan Stanley lowered their price objective on shares of Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. Finally, Wall Street Zen downgraded shares of Perimeter Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd.

Perimeter Solutions Stock Up 3.4%

Perimeter Solutions stock traded up $0.42 during trading on Thursday, reaching $12.67. The stock had a trading volume of 838,152 shares, compared to its average volume of 947,465. Perimeter Solutions, SA has a 52-week low of $7.00 and a 52-week high of $14.44. The business has a 50 day moving average price of $10.83 and a 200 day moving average price of $11.49. The company has a quick ratio of 2.95, a current ratio of 3.91 and a debt-to-equity ratio of 0.67. The stock has a market cap of $1.87 billion, a PE ratio of -90.46 and a beta of 1.92.

Perimeter Solutions (NYSE:PRM - Get Free Report) last issued 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 company had revenue of $72.03 million during the quarter, compared to the consensus estimate of $75.00 million. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. On average, analysts predict that Perimeter Solutions, SA will post 0.71 EPS for the current year.

Insider Transactions at Perimeter Solutions

In other news, Director Vivek Raj sold 2,284 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $12.22, for a total transaction of $27,910.48. Following the completion of the sale, the director now owns 468,942 shares in the company, valued at approximately $5,730,471.24. The trade was a 0.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders sold 553,094 shares of company stock worth $5,879,521. 10.00% of the stock is currently owned by insiders.

Perimeter Solutions 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.