Squarepoint Ops LLC Purchases Shares of 149,522 Perimeter Solutions, SA (NYSE:PRM)

Squarepoint Ops LLC bought a new position in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 149,522 shares of the company's stock, valued at approximately $1,911,000. Squarepoint Ops LLC owned 0.10% of Perimeter Solutions as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in PRM. Two Sigma Advisers LP acquired a new stake in Perimeter Solutions during the 4th quarter worth $258,000. State of Wyoming raised its position in Perimeter Solutions by 241.6% during the fourth quarter. State of Wyoming now owns 34,827 shares of the company's stock worth $445,000 after acquiring an additional 24,632 shares during the last quarter. Select Equity Group L.P. purchased a new stake in shares of Perimeter Solutions during the fourth quarter worth about $3,438,000. Sherbrooke Park Advisers LLC grew its holdings in shares of Perimeter Solutions by 60.9% during the fourth quarter. Sherbrooke Park Advisers LLC now owns 22,597 shares of the company's stock worth $289,000 after buying an additional 8,554 shares in the last quarter. Finally, ProShare Advisors LLC grew its holdings in shares of Perimeter Solutions by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 37,691 shares of the company's stock worth $482,000 after buying an additional 12,401 shares in the last quarter. 89.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. UBS Group upgraded 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 reduced their price target on shares of Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th. Finally, Wall Street Zen cut shares of Perimeter Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd.

Perimeter Solutions Trading Up 2.3%

Shares of PRM traded up $0.27 during midday trading on Tuesday, hitting $12.40. The stock had a trading volume of 1,015,908 shares, compared to its average volume of 944,061. Perimeter Solutions, SA has a fifty-two week low of $7.00 and a fifty-two week high of $14.44. The business has a 50-day simple moving average of $10.74 and a two-hundred day simple moving average of $11.48. The firm has a market cap of $1.83 billion, a P/E ratio of -88.59 and a beta of 1.88. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67.

Perimeter Solutions (NYSE:PRM - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.12. The business had revenue of $72.03 million during the quarter, compared to analysts' expectations of $75.00 million. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. As a group, equities analysts forecast that Perimeter Solutions, SA will post 0.71 EPS for the current year.

Insider Activity at Perimeter Solutions

In related news, Director Vivek Raj sold 2,284 shares of the business's stock in a transaction 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 transaction, the director now owns 468,942 shares of the company's stock, valued at approximately $5,730,471.24. The trade was a 0.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 553,094 shares of company stock valued at $5,879,521. 10.00% of the stock is currently owned by corporate insiders.

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.