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 firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 368,942 shares in the company, valued at approximately $4,397,788.64. The trade was a 21.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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 transaction 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 Performance

Shares of NYSE:PRM opened at $11.98 on Friday. The firm’s 50 day simple moving average is $10.06 and its 200 day simple moving average is $11.62. Perimeter Solutions, SA has a fifty-two week low of $7.00 and a fifty-two week high of $14.44. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of -85.57 and a beta of 1.88. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95.

Perimeter Solutions (NYSE:PRM) last posted its earnings results on Thursday, May 8th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.12. The company had revenue of $72.03 million for the quarter, compared to analyst estimates of $75.00 million. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. As a group, sell-side analysts forecast that Perimeter Solutions, SA will post 0.71 earnings per share for the current year.

Analysts Set New Price Targets

Separately, UBS Group upgraded Perimeter Solutions from a “neutral” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Wednesday, March 26th.

Institutional Trading of Perimeter Solutions

A number of large investors have recently made changes to their positions in the company. Alyeska Investment Group L.P. acquired a new position in Perimeter Solutions in the first quarter valued at about $8,056,000. Maverick Capital Ltd. lifted its holdings in shares of Perimeter Solutions by 127.6% during the 1st quarter. Maverick Capital Ltd. now owns 68,499 shares of the company’s stock valued at $690,000 after purchasing an additional 38,404 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Perimeter Solutions by 100.0% during the 1st quarter. Royal Bank of Canada now owns 80,608 shares of the company’s stock valued at $812,000 after purchasing an additional 40,294 shares in the last quarter. Graham Capital Management L.P. grew its position in shares of Perimeter Solutions by 57.2% in the 1st quarter. Graham Capital Management L.P. now owns 107,854 shares of the company’s stock valued at $1,086,000 after purchasing an additional 39,245 shares during the period. Finally, Pennant Investors LP increased its stake in Perimeter Solutions by 8.8% during the 1st quarter. Pennant Investors LP now owns 2,470,000 shares of the company’s stock worth $24,873,000 after purchasing an additional 200,000 shares in the last quarter. Institutional investors own 89.93% of the company’s stock.

Perimeter Solutions Company Profile

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.