Vivek Raj Sells 68,810 Shares of Perimeter Solutions, SA (NYSE:PRM) Stock

Perimeter Solutions, SA (NYSE:PRM) Director Vivek Raj sold 68,810 shares of the company’s stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $11.84, for a total transaction of $814,710.40. Following the transaction, the director now owns 100,132 shares in the company, valued at approximately $1,185,562.88. This trade represents a 40.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Vivek Raj also recently made the following trade(s):

• On Monday, May 19th, Vivek Raj sold 100,000 shares of Perimeter Solutions stock. The shares were sold at an average price of $11.78, for a total value of $1,178,000.00.
• On Thursday, May 15th, Vivek Raj sold 100,000 shares of Perimeter Solutions stock. The stock was sold at an average price of $11.92, for a total transaction of $1,192,000.00.
• On Tuesday, May 13th, Vivek Raj sold 2,284 shares of Perimeter Solutions stock. The shares were sold at an average price of $12.22, for a total transaction of $27,910.48.
• On Friday, March 14th, Vivek Raj sold 250,000 shares of Perimeter Solutions stock. The stock was sold at an average price of $9.17, for a total value of $2,292,500.00.

Perimeter Solutions Price Performance

NYSE PRM traded up $0.01 during trading hours on Tuesday, hitting $11.83. 804,132 shares of the company’s stock traded hands, compared to its average volume of 930,717. The company has a market capitalization of $1.75 billion, a PE ratio of -84.49 and a beta of 1.88. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95. Perimeter Solutions, SA has a 52-week low of $7.00 and a 52-week high of $14.44. The firm’s 50-day moving average is $10.17 and its 200-day moving average is $11.57.

Perimeter Solutions (NYSE:PRM) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.12. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. The business had revenue of $72.03 million during the quarter, compared to analyst estimates of $75.00 million. Equities analysts forecast that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Morgan Stanley decreased their target price on Perimeter Solutions from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Friday. UBS Group raised shares of Perimeter Solutions from a “neutral” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Wednesday, March 26th.

Institutional Trading of Perimeter Solutions

Hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC increased its position in Perimeter Solutions by 305.3% during the third quarter. Barclays PLC now owns 206,967 shares of the company’s stock worth $2,784,000 after purchasing an additional 155,899 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Perimeter Solutions by 21.4% in the 4th quarter. SG Americas Securities LLC now owns 58,733 shares of the company’s stock valued at $751,000 after buying an additional 10,348 shares during the period. McAdam LLC acquired a new stake in shares of Perimeter Solutions during the 4th quarter worth approximately $131,000. Bleakley Financial Group LLC raised its position in shares of Perimeter Solutions by 6.7% during the 4th quarter. Bleakley Financial Group LLC now owns 28,380 shares of the company’s stock valued at $363,000 after buying an additional 1,778 shares during the period. Finally, Entropy Technologies LP acquired a new position in Perimeter Solutions in the fourth quarter valued at approximately $305,000. 89.93% of the stock is owned by institutional investors and hedge funds.

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.