Perimeter Solutions (NYSE:PRM) CFO Sells $882,000.00 in 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 Perimeter Solutions stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $22.05, for a total value of $882,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Perimeter Solutions Stock Performance

PRM traded up $0.06 during trading hours on Friday, hitting $22.26. The stock had a trading volume of 748,398 shares, compared to its average volume of 1,362,838. The company's fifty day simple moving average is $18.55 and its 200 day simple moving average is $13.74. Perimeter Solutions, SA has a 1 year low of $8.76 and a 1 year high of $23.79. The stock has a market cap of $3.26 billion, a PE ratio of 51.77 and a beta of 2.00. 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 announced its quarterly earnings data on Thursday, August 7th. The company reported $0.39 earnings per share for the quarter, topping 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 analyst estimates of $108.91 million. Equities analysts anticipate that Perimeter Solutions, SA will post 0.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. UBS Group raised their target price on Perimeter Solutions from $15.00 to $20.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Wall Street Zen downgraded Perimeter Solutions from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Finally, Morgan Stanley raised their target price on Perimeter Solutions from $17.00 to $25.00 and gave the stock an "overweight" rating in a research note on Monday, August 25th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $22.50.

Institutional Trading of Perimeter Solutions

A number of large investors have recently modified their holdings of the business. Templeton & Phillips Capital Management LLC boosted its position 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 valued at $2,644,000 after acquiring an additional 920 shares during the last quarter. Comerica Bank boosted its position in shares of Perimeter Solutions by 45.0% during the 1st quarter. Comerica Bank now owns 4,267 shares of the company's stock valued at $43,000 after acquiring an additional 1,324 shares during the last quarter. Procyon Advisors LLC boosted its position in shares of 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 acquiring an additional 1,897 shares during the last quarter. Harbor Investment Advisory LLC boosted its position in shares of Perimeter Solutions by 25.6% during 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 last quarter. Finally, Cullen Frost Bankers Inc. boosted its position in shares of Perimeter Solutions by 161.2% during 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 last quarter. 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.