Insider Selling: Perimeter Solutions (NYSE:PRM) CFO Sells 20,460 Shares of Stock

Perimeter Solutions, SA (NYSE:PRM) CFO Kyle Sable sold 20,460 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $32.89, for a total transaction of $672,929.40. Following the sale, the chief financial officer directly owned 20,000 shares in the company, valued at approximately $657,800. The trade was a 50.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Kyle Sable also recently made the following trade(s):

• On Friday, May 8th, Kyle Sable sold 150,000 shares of Perimeter Solutions stock. The shares were sold at an average price of $31.52, for a total transaction of $4,728,000.00.
• On Tuesday, May 12th, Kyle Sable sold 30,000 shares of Perimeter Solutions stock. The stock was sold at an average price of $31.75, for a total transaction of $952,500.00.

Perimeter Solutions Price Performance

Shares of Perimeter Solutions stock traded down $0.07 during trading hours on Tuesday, reaching $32.09. The company’s stock had a trading volume of 1,431,547 shares, compared to its average volume of 1,099,286. The firm has a 50 day moving average price of $25.65 and a 200-day moving average price of $26.35. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.22 and a quick ratio of 2.42. The stock has a market cap of $5.23 billion, a P/E ratio of -23.95 and a beta of 1.93. Perimeter Solutions, SA has a one year low of $11.55 and a one year high of $34.29.

Perimeter Solutions (NYSE:PRM) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. Perimeter Solutions had a positive return on equity of 18.55% and a negative net margin of 26.93%.The company had revenue of $125.07 million during the quarter, compared to analyst estimates of $121.80 million. On average, analysts predict that Perimeter Solutions, SA will post 1.47 EPS for the current year.

Institutional Trading of Perimeter Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Arax Advisory Partners boosted its stake in shares of Perimeter Solutions by 122.8% during the fourth quarter. Arax Advisory Partners now owns 1,047 shares of the company’s stock valued at $29,000 after purchasing an additional 577 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Perimeter Solutions by 51.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,143 shares of the company’s stock worth $31,000 after purchasing an additional 389 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in Perimeter Solutions in the 3rd quarter worth about $27,000. TD Private Client Wealth LLC lifted its holdings in Perimeter Solutions by 1,450.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,108 shares of the company’s stock valued at $47,000 after buying an additional 1,972 shares in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in Perimeter Solutions by 55.7% during the 4th quarter. Larson Financial Group LLC now owns 2,514 shares of the company’s stock valued at $69,000 after buying an additional 899 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 research reports. Wall Street Zen upgraded Perimeter Solutions from a “hold” rating to a “buy” rating in a report on Saturday. Morgan Stanley raised their price target on Perimeter Solutions from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday. Weiss Ratings raised shares of Perimeter Solutions from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday. Zacks Research raised shares of Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 14th. Finally, UBS Group lifted their price target on shares of Perimeter Solutions from $30.00 to $34.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $37.00.

About Perimeter Solutions

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.