Perimeter Solutions, SA (NYSE:PRM – Get Free Report) CEO Haitham Khouri sold 20,300 shares of Perimeter Solutions stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $34.09, for a total transaction of $692,027.00. Following the completion of the transaction, the chief executive officer directly owned 2,083,850 shares of the company’s stock, valued at $71,038,446.50. The trade was a 0.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Haitham Khouri also recently made the following trade(s):
- On Friday, May 22nd, Haitham Khouri sold 117,511 shares of Perimeter Solutions stock. The stock was sold at an average price of $31.19, for a total transaction of $3,665,168.09.
- On Thursday, May 21st, Haitham Khouri sold 91,724 shares of Perimeter Solutions stock. The shares were sold at an average price of $31.91, for a total transaction of $2,926,912.84.
Perimeter Solutions Stock Up 0.1%
Shares of NYSE:PRM opened at $31.15 on Monday. The company has a market cap of $5.08 billion, a price-to-earnings ratio of -23.24 and a beta of 1.93. Perimeter Solutions, SA has a 12 month low of $11.58 and a 12 month high of $34.89. The company has a current ratio of 3.09, a quick ratio of 1.61 and a debt-to-equity ratio of 1.01. The company has a 50-day moving average price of $27.31 and a 200 day moving average price of $27.01.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in PRM. Principal Financial Group Inc. boosted its position in Perimeter Solutions by 15.0% in the 1st quarter. Principal Financial Group Inc. now owns 12,513,159 shares of the company’s stock valued at $305,572,000 after buying an additional 1,634,158 shares during the period. Vanguard Group Inc. raised its stake in shares of Perimeter Solutions by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 8,570,699 shares of the company’s stock valued at $235,951,000 after acquiring an additional 156,788 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Perimeter Solutions by 4.5% during the third quarter. Dimensional Fund Advisors LP now owns 5,145,141 shares of the company’s stock valued at $115,188,000 after buying an additional 221,290 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Perimeter Solutions by 8.6% in the 1st quarter. Janus Henderson Group PLC now owns 4,007,536 shares of the company’s stock valued at $97,863,000 after purchasing an additional 315,763 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Perimeter Solutions by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 3,421,820 shares of the company’s stock worth $94,218,000 after buying an additional 122,435 shares in the last quarter. Hedge funds and other institutional investors own 89.93% of the company’s stock.
Wall Street Analyst Weigh In
PRM has been the subject of a number of recent analyst reports. Weiss Ratings raised shares of Perimeter Solutions from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Morgan Stanley increased 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, May 11th. Zacks Research raised shares of Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 14th. Wall Street Zen raised Perimeter Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, UBS Group increased their price target on Perimeter Solutions from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $37.00.
Get Our Latest Stock Report on Perimeter Solutions
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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