Insider Selling: Perimeter Solutions (NYSE:PRM) CFO Sells $672,929.40 in Stock

Perimeter Solutions, SA (NYSE:PRMGet Free Report) CFO Kyle Sable sold 20,460 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $32.89, for a total transaction of $672,929.40. Following the transaction, the chief financial officer owned 20,000 shares of the company’s stock, valued at approximately $657,800. This trade represents a 50.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 transaction of $4,728,000.00.
  • On Tuesday, May 12th, Kyle Sable sold 30,000 shares of Perimeter Solutions stock. The stock was sold at an average price of $31.75, for a total transaction of $952,500.00.

Perimeter Solutions Stock Performance

Shares of PRM stock opened at $34.04 on Friday. Perimeter Solutions, SA has a 12-month low of $11.55 and a 12-month high of $34.89. The business’s fifty day simple moving average is $26.23 and its 200-day simple moving average is $26.60. The company has a current ratio of 3.09, a quick ratio of 2.42 and a debt-to-equity ratio of 1.01. The company has a market cap of $5.55 billion, a PE ratio of -25.40 and a beta of 1.93.

Perimeter Solutions (NYSE:PRMGet Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. Perimeter Solutions had a positive return on equity of 18.29% and a negative net margin of 26.93%.The firm had revenue of $125.07 million during the quarter, compared to analysts’ expectations of $121.80 million. Analysts expect that Perimeter Solutions, SA will post 1.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PRM has been the topic of a number of research analyst reports. Wall Street Zen upgraded Perimeter Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. 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 research note on Thursday, May 7th. Morgan Stanley upped their price target on shares of Perimeter Solutions from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday. Zacks Research raised shares of Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. Finally, Weiss Ratings upgraded shares of Perimeter Solutions from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday. One research 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.00.

View Our Latest Analysis on Perimeter Solutions

Hedge Funds Weigh In On Perimeter Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Comerica Bank boosted its holdings in shares of Perimeter Solutions by 45.0% in the 1st quarter. Comerica Bank now owns 4,267 shares of the company’s stock valued at $43,000 after acquiring an additional 1,324 shares during the last quarter. Royal Bank of Canada grew its position in Perimeter Solutions by 100.0% during the 1st quarter. Royal Bank of Canada now owns 80,608 shares of the company’s stock worth $812,000 after purchasing an additional 40,294 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Perimeter Solutions by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,546 shares of the company’s stock worth $801,000 after purchasing an additional 3,428 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Perimeter Solutions by 4.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 328,188 shares of the company’s stock valued at $3,305,000 after buying an additional 14,949 shares during the last quarter. Finally, American Century Companies Inc. acquired a new position in shares of Perimeter Solutions in the 2nd quarter valued at about $2,128,000. Institutional investors and hedge funds own 89.93% of the company’s stock.

Perimeter Solutions Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Perimeter Solutions (NYSE:PRM)

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