Perimeter Solutions (NYSE:PRM) CFO Sells $2,847,000.00 in Stock

Perimeter Solutions, SA (NYSE:PRM) CFO Kyle Sable sold 100,000 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $28.47, for a total transaction of $2,847,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Perimeter Solutions Stock Performance

Shares of PRM stock traded down $0.21 on Tuesday, reaching $27.96. The stock had a trading volume of 800,188 shares, compared to its average volume of 1,163,587. Perimeter Solutions, SA has a 12 month low of $8.76 and a 12 month high of $29.78. The firm has a market capitalization of $4.14 billion, a price-to-earnings ratio of 66.58 and a beta of 1.96. The firm’s 50-day moving average is $24.97 and its two-hundred day moving average is $20.27. The company has a quick ratio of 1.72, a current ratio of 2.22 and a debt-to-equity ratio of 0.61.

Perimeter Solutions (NYSE:PRM) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.14. The firm had revenue of $315.44 million for the quarter, compared to the consensus estimate of $238.27 million. Perimeter Solutions had a return on equity of 17.33% and a net margin of 12.26%. On average, research analysts expect that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PRM has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Perimeter Solutions in a report on Wednesday, October 8th. UBS Group upped their price objective on shares of Perimeter Solutions from $21.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. Morgan Stanley set a $35.00 price objective on shares of Perimeter Solutions in a research report on Monday. Finally, Zacks Research upgraded shares of Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $30.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. TenCore Partners LP acquired a new stake in shares of Perimeter Solutions in the first quarter valued at approximately $3,174,000. Equitable Trust Co. grew its position in Perimeter Solutions by 5.4% during the second quarter. Equitable Trust Co. now owns 2,253,341 shares of the company’s stock worth $31,367,000 after buying an additional 116,220 shares in the last quarter. Avidian Wealth Enterprises LLC bought a new position in Perimeter Solutions during the 2nd quarter worth $204,000. Repertoire Partners LP acquired a new position in Perimeter Solutions in the 1st quarter valued at $519,000. Finally, Bleakley Financial Group LLC lifted its position in shares of Perimeter Solutions by 23.0% during the 2nd quarter. Bleakley Financial Group LLC now owns 29,940 shares of the company’s stock valued at $417,000 after acquiring an additional 5,595 shares during the period. 89.93% of the stock is owned by institutional investors and hedge funds.

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.