Perimeter Solutions, SA (NYSE:PRM – Get Free Report) insider Jeffrey Emery sold 99,963 shares of Perimeter Solutions stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $32.92, for a total value of $3,290,781.96. Following the transaction, the insider owned 46,500 shares of the company’s stock, valued at $1,530,780. The trade was a 68.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Jeffrey Emery also recently made the following trade(s):
- On Friday, May 8th, Jeffrey Emery sold 46,500 shares of Perimeter Solutions stock. The stock was sold at an average price of $32.00, for a total transaction of $1,488,000.00.
Perimeter Solutions Stock Performance
Shares of NYSE:PRM traded down $0.07 on Tuesday, hitting $32.09. The company had a trading volume of 1,431,547 shares, compared to its average volume of 1,099,286. The stock has a market cap of $5.23 billion, a price-to-earnings ratio of -23.95 and a beta of 1.93. The stock has a 50 day moving average price of $25.65 and a 200 day moving average price of $26.35. Perimeter Solutions, SA has a 1-year low of $11.55 and a 1-year high of $34.29. The company has a current ratio of 3.22, a quick ratio of 2.42 and a debt-to-equity ratio of 0.60.
Wall Street Analysts Forecast Growth
PRM has been the topic of several research reports. Zacks Research raised Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. Weiss Ratings raised Perimeter Solutions from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday. Wall Street Zen raised Perimeter Solutions from a “hold” rating to a “buy” rating in a report on Saturday. UBS Group increased their price objective on Perimeter Solutions from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Morgan Stanley lifted their target price on Perimeter Solutions from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Perimeter Solutions has an average rating of “Moderate Buy” and an average target price of $37.00.
Get Our Latest Stock Analysis on PRM
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position 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 acquiring an additional 1,634,158 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Perimeter Solutions by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 8,570,699 shares of the company’s stock worth $235,951,000 after acquiring an additional 156,788 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Perimeter Solutions by 4.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,145,141 shares of the company’s stock valued at $115,188,000 after purchasing an additional 221,290 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Perimeter Solutions by 54.9% in the 4th quarter. Janus Henderson Group PLC now owns 3,691,773 shares of the company’s stock valued at $101,634,000 after purchasing an additional 1,308,602 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Perimeter Solutions by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 3,421,820 shares of the company’s stock valued at $94,218,000 after purchasing an additional 122,435 shares during the last quarter. 89.93% of the stock is owned by 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.
Featured Articles
- Five stocks we like better than Perimeter Solutions
- Navy Catalyst Ignites Odysight’s Growth Engine
- AST SpaceMobile Plummets on Galactic Q1 Miss: Can Vertical Integration Save the SpaceX Rival?
- Axon Surged After Earnings and Is Still Down Over 50% From Highs
- The Event That Could Redefine Apple’s Summer Rally
Receive News & Ratings for Perimeter Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perimeter Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
