Perimeter Solutions (NYSE:PRM) Insider Jeffrey Emery Sells 300,000 Shares

Key Points

• Jeffrey Emery sold 300,000 shares of Perimeter Solutions stock at an average price of $22.28, resulting in a total transaction value of approximately $6.68 million.
• Perimeter Solutions reported a quarterly earnings per share (EPS) of $0.39, exceeding expectations of $0.28, with revenue reaching $162.64 million for the period.
• Institutional investors own 89.93% of Perimeter Solutions' stock, highlighting strong interest from large stakeholders in the company.

Perimeter Solutions, SA (NYSE:PRM - Get Free Report) insider Jeffrey Emery sold 300,000 shares of Perimeter Solutions stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $22.28, for a total transaction of $6,684,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Perimeter Solutions Stock Up 0.3%

Shares of PRM traded up $0.06 during mid-day trading on Friday, reaching $22.26. 748,398 shares of the stock traded hands, compared to its average volume of 1,362,838. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 51.77 and a beta of 2.00. The stock has a fifty day simple moving average of $18.55 and a 200 day simple moving average of $13.74. Perimeter Solutions, SA has a 12-month low of $8.76 and a 12-month high of $23.79. The company has a quick ratio of 2.60, a current ratio of 4.04 and a debt-to-equity ratio of 0.57.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on PRM shares. Morgan Stanley raised their price target on shares of Perimeter Solutions from $17.00 to $25.00 and gave the stock an "overweight" rating in a research report on Monday, August 25th. UBS Group raised their price target on shares of Perimeter Solutions from $15.00 to $20.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Finally, Wall Street Zen downgraded shares of Perimeter Solutions from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Perimeter Solutions has an average rating of "Buy" and a consensus target price of $22.50.

Hedge Funds Weigh In On Perimeter Solutions

A number of hedge funds have recently added to or reduced their stakes in the business. Templeton & Phillips Capital Management LLC boosted its holdings in Perimeter Solutions by 0.5% in the second quarter. Templeton & Phillips Capital Management LLC now owns 189,919 shares of the company's stock worth $2,644,000 after purchasing an additional 920 shares during the period. Comerica Bank boosted its holdings in Perimeter Solutions by 45.0% in the first quarter. Comerica Bank now owns 4,267 shares of the company's stock worth $43,000 after purchasing an additional 1,324 shares during the period. Procyon Advisors LLC boosted its holdings in Perimeter Solutions by 14.6% in the first quarter. Procyon Advisors LLC now owns 14,912 shares of the company's stock worth $150,000 after purchasing an additional 1,897 shares during the period. Harbor Investment Advisory LLC boosted its holdings in Perimeter Solutions by 25.6% in the first quarter. Harbor Investment Advisory LLC now owns 9,315 shares of the company's stock worth $94,000 after purchasing an additional 1,899 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its stake in Perimeter Solutions by 161.2% in the second quarter. Cullen Frost Bankers Inc. now owns 3,124 shares of the company's stock valued at $43,000 after buying an additional 1,928 shares during the last quarter. Institutional investors and hedge funds own 89.93% 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.