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

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

Other large investors have also recently made changes to their positions in the company. Comerica Bank purchased a new stake in shares of Perimeter Solutions during the fourth quarter valued at $38,000. McAdam LLC purchased a new stake in shares of Perimeter Solutions during the fourth quarter valued at $131,000. Tower Research Capital LLC TRC grew its holdings in shares of Perimeter Solutions by 90.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,665 shares of the company's stock valued at $136,000 after buying an additional 5,054 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in shares of Perimeter Solutions by 14.8% during the fourth 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. Finally, Voleon Capital Management LP purchased a new stake in shares of Perimeter Solutions during the fourth quarter valued at $154,000. 89.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PRM. UBS Group raised shares of 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. Wall Street Zen lowered shares of Perimeter Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, Morgan Stanley dropped their price objective on shares of Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating on the stock in a report on Friday, May 16th.

Insider Activity at Perimeter Solutions

In other Perimeter Solutions news, Director Vivek Raj sold 2,284 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $12.22, for a total value of $27,910.48. Following the completion of the transaction, the director now owns 468,942 shares in the company, valued at approximately $5,730,471.24. This represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 553,094 shares of company stock worth $5,879,521 over the last three months. Company insiders own 10.00% of the company's stock.

Perimeter Solutions Stock Performance

NYSE PRM traded up $0.19 on Friday, reaching $12.84. 809,955 shares of the company's stock traded hands, compared to its average volume of 949,391. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of -91.69 and a beta of 1.92. The stock has a 50 day moving average price of $10.88 and a 200-day moving average price of $11.49. Perimeter Solutions, SA has a fifty-two week low of $7.00 and a fifty-two week 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.

Perimeter Solutions (NYSE:PRM - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.03 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts predict that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal year.

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.