Perimeter Solutions, SA (NYSE:PRM) Shares Sold by PDT Partners LLC

PDT Partners LLC decreased its position in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 24.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,384 shares of the company's stock after selling 34,428 shares during the quarter. PDT Partners LLC owned 0.07% of Perimeter Solutions worth $1,334,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PRM. Entropy Technologies LP purchased a new position in shares of Perimeter Solutions during the 4th quarter valued at approximately $305,000. Barclays PLC grew its holdings in Perimeter Solutions by 305.3% during the 3rd quarter. Barclays PLC now owns 206,967 shares of the company's stock worth $2,784,000 after acquiring an additional 155,899 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Perimeter Solutions in the 4th quarter worth about $301,000. Bleakley Financial Group LLC raised its stake in shares of Perimeter Solutions by 6.7% in the 4th quarter. Bleakley Financial Group LLC now owns 28,380 shares of the company's stock valued at $363,000 after purchasing an additional 1,778 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new stake in shares of Perimeter Solutions in the 4th quarter valued at about $160,000. Hedge funds and other institutional investors own 89.93% of the company's stock.

Insiders Place Their Bets

In other Perimeter Solutions news, Director Vivek Raj sold 250,000 shares of the business's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $9.17, for a total transaction of $2,292,500.00. Following the completion of the transaction, the director now owns 471,226 shares in the company, valued at approximately $4,321,142.42. The trade was a 34.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.70% of the stock is owned by corporate insiders.

Perimeter Solutions Stock Performance

Shares of NYSE:PRM traded down $0.06 on Tuesday, reaching $10.58. 134,426 shares of the company's stock were exchanged, compared to its average volume of 914,366. The business's 50-day moving average is $9.78 and its two-hundred day moving average is $11.69. The company has a quick ratio of 2.95, a current ratio of 3.91 and a debt-to-equity ratio of 0.67. Perimeter Solutions, SA has a fifty-two week low of $7.00 and a fifty-two week high of $14.44. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of -75.78 and a beta of 1.88.

Perimeter Solutions (NYSE:PRM - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.21. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. The firm had revenue of $86.23 million for the quarter, compared to analyst estimates of $77.01 million. As a group, equities research analysts forecast that Perimeter Solutions, SA will post 0.71 EPS for the current year.

Analyst Ratings Changes

Separately, UBS Group upgraded Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 price target for the company in a research note on Wednesday, March 26th.

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.