Perimeter Solutions, SA (NYSE:PRM) Director Vivek Raj Sells 100,000 Shares

Perimeter Solutions, SA (NYSE:PRM) Director Vivek Raj sold 100,000 shares of the business’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $11.92, for a total transaction of $1,192,000.00. Following the completion of the sale, the director now directly owns 368,942 shares in the company, valued at $4,397,788.64. This represents a 21.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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 value 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 Stock Up 1.6%

Perimeter Solutions stock opened at $11.98 on Friday. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67. Perimeter Solutions, SA has a 1-year low of $7.00 and a 1-year high of $14.44. The company has a fifty day simple moving average of $10.06 and a 200 day simple moving average of $11.62. The company has a market cap of $1.77 billion, a P/E ratio of -85.57 and a beta of 1.88.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Comerica Bank acquired a new position in shares of Perimeter Solutions during the 4th quarter worth approximately $38,000. Harbor Investment Advisory LLC boosted its holdings in shares of Perimeter Solutions by 25.6% in the 1st quarter. Harbor Investment Advisory LLC now owns 9,315 shares of the company’s stock valued at $94,000 after buying an additional 1,899 shares during the last quarter. Xponance Inc. bought a new position in shares of Perimeter Solutions in the first quarter valued at $101,000. Gilbert & Cook Inc. acquired a new position in Perimeter Solutions during the first quarter worth $104,000. Finally, New York State Teachers Retirement System acquired a new position in Perimeter Solutions during the first quarter worth $123,000. 89.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised Perimeter Solutions from a “neutral” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Wednesday, March 26th.

About Perimeter Solutions

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.