Perimeter Solutions, SA (NYSE:PRM – Get Free Report) CFO Kyle Sable sold 30,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $31.75, for a total value of $952,500.00. Following the completion of the transaction, the chief financial officer owned 20,000 shares in the company, valued at approximately $635,000. This trade represents a 60.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Kyle Sable also recently made the following trade(s):
- On Friday, May 8th, Kyle Sable sold 150,000 shares of Perimeter Solutions stock. The shares were sold at an average price of $31.52, for a total value of $4,728,000.00.
- On Monday, May 11th, Kyle Sable sold 20,460 shares of Perimeter Solutions stock. The stock was sold at an average price of $32.89, for a total value of $672,929.40.
Perimeter Solutions Stock Down 0.2%
Shares of Perimeter Solutions stock traded down $0.07 on Tuesday, hitting $32.09. 1,431,547 shares of the company’s stock traded hands, compared to its average volume of 1,099,286. The stock has a market cap of $5.23 billion, a P/E ratio of -23.95 and a beta of 1.93. The company has a quick ratio of 2.42, a current ratio of 3.22 and a debt-to-equity ratio of 0.60. The firm’s 50-day moving average is $25.65 and its 200 day moving average is $26.35. Perimeter Solutions, SA has a 52-week low of $11.55 and a 52-week high of $34.29.
Analyst Ratings Changes
A number of brokerages have commented on PRM. Weiss Ratings upgraded Perimeter Solutions from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday. UBS Group increased their price target on Perimeter Solutions from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Zacks Research upgraded shares of Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. Wall Street Zen raised Perimeter Solutions from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Morgan Stanley lifted their price objective on shares of Perimeter Solutions from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Perimeter Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $37.00.
View Our Latest Stock Report on PRM
Hedge Funds Weigh In On Perimeter Solutions
Institutional investors and hedge funds have recently modified their holdings of the stock. Balance Capital Partners L.P. purchased a new stake in shares of Perimeter Solutions during the fourth quarter worth $69,115,000. Principal Financial Group Inc. grew its stake in Perimeter Solutions by 15.0% in the first quarter. Principal Financial Group Inc. now owns 12,513,159 shares of the company’s stock valued at $305,572,000 after purchasing an additional 1,634,158 shares in the last quarter. Janus Henderson Group PLC increased its position in Perimeter Solutions by 54.9% in the 4th quarter. Janus Henderson Group PLC now owns 3,691,773 shares of the company’s stock worth $101,634,000 after purchasing an additional 1,308,602 shares during the last quarter. Invesco Ltd. raised its stake in shares of Perimeter Solutions by 157.3% during the 4th quarter. Invesco Ltd. now owns 1,294,686 shares of the company’s stock worth $35,643,000 after purchasing an additional 791,558 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Perimeter Solutions by 50.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,132,167 shares of the company’s stock worth $47,739,000 after purchasing an additional 714,816 shares in the last quarter. 89.93% of the stock is currently owned by hedge funds and other institutional investors.
Perimeter Solutions Company Profile
Perimeter Solutions Ltd. (NYSE: PRM) is a global specialty chemicals company focused on delivering performance-driven solutions for the oil and gas, coatings, plastics, water treatment and packaging markets. Established as an independent publicly traded company in December 2019 following its spin-off from NewMarket Corporation, Perimeter Solutions has positioned itself as a leading provider of highly engineered chemical products designed to optimize upstream oil recovery, protect infrastructure and enhance the performance of industrial processes.
The company’s core product portfolio spans several key segments.
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