Perimeter Solutions, SA (NYSE:PRM – Get Free Report) insider Jeffrey Emery sold 46,500 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $32.00, for a total transaction of $1,488,000.00. Following the transaction, the insider directly owned 46,500 shares of the company’s stock, valued at $1,488,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Jeffrey Emery also recently made the following trade(s):
- On Monday, May 11th, Jeffrey Emery sold 99,963 shares of Perimeter Solutions stock. The stock was sold at an average price of $32.92, for a total value of $3,290,781.96.
Perimeter Solutions Stock Down 0.2%
PRM traded down $0.07 during trading hours on Tuesday, reaching $32.09. 1,431,547 shares of the stock traded hands, compared to its average volume of 1,099,286. The firm’s fifty day simple moving average is $25.65 and its two-hundred day simple moving average is $26.35. Perimeter Solutions, SA has a fifty-two week low of $11.55 and a fifty-two week high of $34.29. The company has a market cap of $5.23 billion, a price-to-earnings ratio of -23.95 and a beta of 1.93. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.22 and a quick ratio of 2.42.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on PRM. Zacks Research raised shares of Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. Weiss Ratings raised Perimeter Solutions from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday. UBS Group lifted their target price on shares of Perimeter Solutions from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Morgan Stanley increased their price objective on Perimeter Solutions from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Wall Street Zen raised Perimeter Solutions from a “hold” rating to a “buy” rating in a report on Saturday. One 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’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.00.
Institutional Trading of Perimeter Solutions
A number of hedge funds and other institutional investors have recently made changes to their positions in PRM. Jones Financial Companies Lllp acquired a new position in shares of Perimeter Solutions during the third quarter worth approximately $27,000. Arax Advisory Partners raised its position in shares of Perimeter Solutions by 122.8% in the 4th quarter. Arax Advisory Partners now owns 1,047 shares of the company’s stock valued at $29,000 after acquiring an additional 577 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Perimeter Solutions by 51.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,143 shares of the company’s stock worth $31,000 after purchasing an additional 389 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of Perimeter Solutions in the second quarter worth about $42,000. Finally, Comerica Bank raised its holdings in 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 buying an additional 1,324 shares during the period. 89.93% of the stock is currently owned by institutional investors and hedge funds.
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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