Perimeter Solutions, SA (NYSE:PRM) Director Vivek Raj Sells 68,810 Shares of Stock

Perimeter Solutions, SA (NYSE:PRM) Director Vivek Raj sold 68,810 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $11.84, for a total transaction of $814,710.40. Following the transaction, the director now directly owns 100,132 shares of the company’s stock, valued at $1,185,562.88. This represents a 40.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, May 19th, Vivek Raj sold 100,000 shares of Perimeter Solutions stock. The shares were sold at an average price of $11.78, for a total value of $1,178,000.00.
• On Thursday, May 15th, Vivek Raj sold 100,000 shares of Perimeter Solutions stock. The stock was sold at an average price of $11.92, for a total value of $1,192,000.00.
• 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 transaction of $2,292,500.00.

Perimeter Solutions Price Performance

Shares of NYSE PRM traded up $0.01 during midday trading on Tuesday, hitting $11.83. 804,132 shares of the company’s stock were exchanged, compared to its average volume of 930,717. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67. The business’s fifty day moving average price is $10.17 and its two-hundred day moving average price is $11.57. The company has a market cap of $1.75 billion, a price-to-earnings ratio of -84.49 and a beta of 1.88. Perimeter Solutions, SA has a 12-month low of $7.00 and a 12-month high of $14.44.

Perimeter Solutions (NYSE:PRM) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.12. The firm had revenue of $72.03 million for the quarter, compared to the consensus estimate of $75.00 million. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. As a group, research analysts forecast that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PRM has been the topic of a number of recent research reports. Morgan Stanley dropped their price objective on Perimeter Solutions from $18.00 to $17.00 and set an “overweight” rating on the stock in a report on Friday. UBS Group raised shares of Perimeter Solutions from a “neutral” rating to a “buy” rating and set a $14.00 price target for the company in a report on Wednesday, March 26th.

Institutional Trading of Perimeter Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Summit Investment Advisors Inc. lifted its position in Perimeter Solutions by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 14,000 shares of the company’s stock valued at $179,000 after purchasing an additional 889 shares during the period. Comerica Bank increased its holdings in 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. Orion Portfolio Solutions LLC boosted its position in shares of Perimeter Solutions by 14.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 11,794 shares of the company’s stock valued at $151,000 after acquiring an additional 1,519 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in shares of Perimeter Solutions by 6.7% in the 4th quarter. Bleakley Financial Group LLC now owns 28,380 shares of the company’s stock worth $363,000 after buying an additional 1,778 shares during the last quarter. Finally, Sei Investments Co. increased its position in shares of Perimeter Solutions by 2.2% during the 4th quarter. Sei Investments Co. now owns 89,063 shares of the company’s stock valued at $1,138,000 after purchasing an additional 1,884 shares during the last quarter. Hedge funds and other 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.