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

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 the company's stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Perimeter Solutions Stock Up 2.5%

NYSE:PRM traded up $0.57 during trading hours on Monday, reaching $22.94. The company's stock had a trading volume of 1,538,151 shares, compared to its average volume of 1,392,463. The firm has a 50-day simple moving average of $17.80 and a 200-day simple moving average of $13.34. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.04 and a quick ratio of 2.60. Perimeter Solutions, SA has a 1 year low of $8.76 and a 1 year high of $23.79.

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

Institutional Trading of Perimeter Solutions

A number of large investors have recently made changes to their positions in PRM. Templeton & Phillips Capital Management LLC boosted its stake in shares of Perimeter Solutions by 0.5% during the 2nd quarter. Templeton & Phillips Capital Management LLC now owns 189,919 shares of the company's stock worth $2,644,000 after acquiring an additional 920 shares during the last quarter. Comerica Bank increased its stake in Perimeter Solutions by 45.0% in the 1st quarter. Comerica Bank now owns 4,267 shares of the company's stock worth $43,000 after buying an additional 1,324 shares in the last quarter. Procyon Advisors LLC raised its stake in Perimeter Solutions by 14.6% during the 1st quarter. Procyon Advisors LLC now owns 14,912 shares of the company's stock valued at $150,000 after purchasing an additional 1,897 shares during the period. Harbor Investment Advisory LLC lifted its holdings in Perimeter Solutions by 25.6% in the 1st 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 in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its stake in Perimeter Solutions by 161.2% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 3,124 shares of the company's stock worth $43,000 after purchasing an additional 1,928 shares during the period. 89.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.

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