Jump Financial LLC Purchases Shares of 91,618 Perimeter Solutions, SA $PRM

Key Points

• Jump Financial LLC has acquired a new position in Perimeter Solutions, purchasing 91,618 shares valued at approximately $923,000.
• Analysts have recently upgraded the company's price targets; Morgan Stanley raised its target from $17 to $25, while UBS increased its target from $15 to $20, indicating a positive outlook on the stock.
• Perimeter Solutions reported a quarterly earnings per share of $0.39, significantly exceeding the consensus estimate of $0.28, reflecting strong demand and revenue growth.

Jump Financial LLC acquired a new position in Perimeter Solutions, SA (NYSE:PRM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 91,618 shares of the company's stock, valued at approximately $923,000. Jump Financial LLC owned approximately 0.06% of Perimeter Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in PRM. New York State Teachers Retirement System bought a new stake in Perimeter Solutions during the 1st quarter worth about $123,000. Teacher Retirement System of Texas boosted its holdings in Perimeter Solutions by 21.0% in the first quarter. Teacher Retirement System of Texas now owns 249,091 shares of the company's stock valued at $2,508,000 after acquiring an additional 43,247 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Perimeter Solutions in the first quarter worth about $3,479,000. SG Americas Securities LLC increased its position in Perimeter Solutions by 59.7% in the first quarter. SG Americas Securities LLC now owns 93,811 shares of the company's stock worth $945,000 after purchasing an additional 35,078 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its holdings in Perimeter Solutions by 15.6% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 54,573 shares of the company's stock worth $550,000 after purchasing an additional 7,347 shares during the last quarter. 89.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PRM has been the topic of several recent research reports. Wall Street Zen lowered shares of Perimeter Solutions from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Morgan Stanley increased their price objective on shares of Perimeter Solutions from $17.00 to $25.00 and gave the company an "overweight" rating in a report on Monday, August 25th. Finally, UBS Group lifted their target price on shares of Perimeter Solutions from $15.00 to $20.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $22.50.

Perimeter Solutions Trading Down 0.2%

Shares of NYSE PRM traded down $0.06 during midday trading on Thursday, reaching $21.96. 1,312,544 shares of the stock were exchanged, compared to its average volume of 1,176,100. Perimeter Solutions, SA has a 12 month low of $8.76 and a 12 month high of $23.79. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 51.16 and a beta of 2.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.04 and a quick ratio of 2.60. The business has a 50-day simple moving average of $17.47 and a two-hundred day simple moving average of $13.16.

Perimeter Solutions (NYSE:PRM - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.11. Perimeter Solutions had a negative return on equity of 1.11% and a net margin of 13.05%.The firm had revenue of $162.64 million for the quarter, compared to analyst estimates of $108.91 million. As a group, equities research analysts expect that Perimeter Solutions, SA will post 0.71 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder Windacre Partnership Master Fu purchased 254,600 shares of the company's stock in a transaction on Friday, June 27th. The shares were purchased at an average price of $13.98 per share, with a total value of $3,559,308.00. Following the purchase, the insider directly owned 21,854,600 shares of the company's stock, valued at $305,527,308. This trade represents a 1.18% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 10.00% 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.