Perimeter Solutions, SA (NYSE:PRM) Shares Sold by Millennium Management LLC

Millennium Management LLC decreased its holdings in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 48.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 145,847 shares of the company's stock after selling 134,717 shares during the period. Millennium Management LLC owned about 0.10% of Perimeter Solutions worth $1,864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of PRM. Comerica Bank bought a new position in shares of Perimeter Solutions during the 4th quarter valued at about $38,000. McAdam LLC purchased a new stake in Perimeter Solutions in the 4th quarter worth about $131,000. Tower Research Capital LLC TRC raised its position in Perimeter Solutions by 90.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,665 shares of the company's stock worth $136,000 after purchasing an additional 5,054 shares during the period. Orion Portfolio Solutions LLC raised its position in Perimeter Solutions by 14.8% in the 4th quarter. Orion Portfolio Solutions LLC now owns 11,794 shares of the company's stock worth $151,000 after purchasing an additional 1,519 shares during the period. Finally, Voleon Capital Management LP purchased a new stake in Perimeter Solutions in the 4th quarter worth about $154,000. Institutional investors own 89.93% of the company's stock.

Perimeter Solutions Stock Down 1.1%

PRM traded down $0.14 during trading on Wednesday, hitting $12.26. The stock had a trading volume of 1,021,604 shares, compared to its average volume of 944,370. The company has a market capitalization of $1.81 billion, a PE ratio of -87.57 and a beta of 1.88. Perimeter Solutions, SA has a twelve month low of $7.00 and a twelve month 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 stock has a 50 day simple moving average of $10.74 and a two-hundred day simple moving average of $11.48.

Perimeter Solutions (NYSE:PRM - Get Free Report) last issued its 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 analyst estimates of $75.00 million. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. On average, research analysts predict that Perimeter Solutions, SA will post 0.71 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Vivek Raj sold 2,284 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $12.22, for a total transaction of $27,910.48. Following the sale, the director now directly owns 468,942 shares in the company, valued at $5,730,471.24. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have sold 553,094 shares of company stock valued at $5,879,521. Company insiders own 10.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PRM. Morgan Stanley dropped their target price on shares of Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. Wall Street Zen downgraded shares of Perimeter Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, UBS Group upgraded shares of Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 target price on the stock in a research note on Wednesday, March 26th.

About Perimeter Solutions

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.