Kyle Sable Sells 40,000 Shares of Perimeter Solutions (NYSE:PRM) Stock

Key Points

• CFO Kyle Sable sold 40,000 shares of Perimeter Solutions at an average price of $22.05, totaling $882,000.
• The company's stock price increased to $22.94, with an average target price of $22.50 according to analysts.
• Perimeter Solutions reported EPS of $0.39, exceeding estimates, and had revenue of $162.64 million, compared to expectations of $108.91 million.

Perimeter Solutions, SA (NYSE:PRM - Get Free Report) CFO Kyle Sable sold 40,000 shares of the firm's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $22.05, for a total transaction of $882,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Perimeter Solutions Price Performance

NYSE:PRM traded up $0.57 during trading hours on Monday, reaching $22.94. 1,538,151 shares of the company traded hands, compared to its average volume of 1,392,463. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.04 and a quick ratio of 2.60. The firm's 50-day moving average is $17.80 and its 200-day moving average is $13.34. 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 posted its quarterly earnings results on Thursday, August 7th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.28 by $0.11. Perimeter Solutions had a negative return on equity of 1.11% and a net margin of 13.05%.The company had revenue of $162.64 million during the quarter, compared to analysts' expectations of $108.91 million. On average, sell-side analysts anticipate that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PRM. Morgan Stanley boosted their price target on shares of Perimeter Solutions from $17.00 to $25.00 and gave the company an "overweight" rating in a report on Monday, August 25th. Wall Street Zen downgraded Perimeter Solutions from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Finally, UBS Group boosted 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. Two analysts have rated the stock with a Buy rating, According to MarketBeat, Perimeter Solutions presently has an average rating of "Buy" and an average price target of $22.50.

Institutional Investors Weigh In On Perimeter Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PRM. Comerica Bank bought a new position in Perimeter Solutions during the fourth quarter worth about $38,000. EverSource Wealth Advisors LLC bought a new stake in shares of Perimeter Solutions in the 2nd quarter valued at about $42,000. Cullen Frost Bankers Inc. raised its position in shares of Perimeter Solutions by 161.2% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 3,124 shares of the company's stock valued at $43,000 after acquiring an additional 1,928 shares during the period. Harbor Investment Advisory LLC raised its position in shares of Perimeter Solutions by 25.6% in the 1st quarter. Harbor Investment Advisory LLC now owns 9,315 shares of the company's stock valued at $94,000 after acquiring an additional 1,899 shares during the period. Finally, Xponance Inc. bought a new position in Perimeter Solutions during the 1st quarter worth approximately $101,000. Institutional investors 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.

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