Perimeter Solutions (NYSE:PRM) Director Sells $561,250.00 in Stock

Key Points

• Director Vivek Raj sold 25,000 shares of Perimeter Solutions at an average price of $22.45, totaling $561,250, reducing his ownership by 17.04% to 121,701 shares.
• The company's stock increased by 0.6% to $22.39, with a trading volume of 888,030 shares, compared to its 1.3 million average volume.
• Perimeter Solutions reported earnings of $0.39 EPS, surpassing estimates of $0.28, alongside a revenue of $162.64 million for the last quarter.

Perimeter Solutions, SA (NYSE:PRM - Get Free Report) Director Vivek Raj sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $22.45, for a total transaction of $561,250.00. Following the completion of the transaction, the director owned 121,701 shares in the company, valued at approximately $2,732,187.45. This represents a 17.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Perimeter Solutions Stock Down 1.0%

PRM stock traded down $0.23 during trading hours on Friday, hitting $21.81. The company's stock had a trading volume of 2,347,178 shares, compared to its average volume of 1,345,989. The company has a quick ratio of 2.60, a current ratio of 4.04 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $3.19 billion, a PE ratio of 50.72 and a beta of 2.00. Perimeter Solutions, SA has a 12 month low of $8.76 and a 12 month high of $23.79. The stock has a 50 day moving average price of $19.16 and a two-hundred day moving average price of $14.12.

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

Analysts Set New Price Targets

Several analysts have commented on the stock. UBS Group boosted their target price 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. Wall Street Zen downgraded shares of Perimeter Solutions from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. Finally, Morgan Stanley upped their price objective on shares of Perimeter Solutions from $17.00 to $25.00 and gave the stock an "overweight" rating in a report on Monday, August 25th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Perimeter Solutions currently has a consensus rating of "Buy" and a consensus target price of $22.50.

Institutional Trading of Perimeter Solutions

A number of hedge funds have recently bought and sold shares of the stock. Templeton & Phillips Capital Management LLC increased 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 worth $2,644,000 after purchasing an additional 920 shares in the last quarter. Comerica Bank increased 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 worth $43,000 after purchasing an additional 1,324 shares in the last quarter. Procyon Advisors LLC increased 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 worth $150,000 after purchasing an additional 1,897 shares in the last quarter. Harbor Investment Advisory LLC increased 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 worth $94,000 after purchasing an additional 1,899 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased 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 worth $43,000 after purchasing an additional 1,928 shares in the last quarter. 89.93% of the stock is owned by institutional investors.

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.