Insider Selling: Perimeter Solutions (NYSE:PRM) Insider Sells $1,488,000.00 in Stock

Perimeter Solutions, SA (NYSE:PRM) insider Jeffrey Emery sold 46,500 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $32.00, for a total transaction of $1,488,000.00. Following the completion of the transaction, the insider owned 46,500 shares of the company’s stock, valued at approximately $1,488,000. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Jeffrey Emery also recently made the following trade(s):

• On Monday, May 11th, Jeffrey Emery sold 99,963 shares of Perimeter Solutions stock. The shares were sold at an average price of $32.92, for a total transaction of $3,290,781.96.

Perimeter Solutions Trading Up 0.4%

Shares of PRM stock opened at $34.04 on Friday. The stock has a market cap of $5.55 billion, a price-to-earnings ratio of -25.40 and a beta of 1.93. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.42 and a current ratio of 3.09. The firm has a fifty day moving average of $26.23 and a 200-day moving average of $26.60. Perimeter Solutions, SA has a 52-week low of $11.55 and a 52-week high of $34.89.

Perimeter Solutions (NYSE:PRM) last announced its earnings results on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $125.07 million during the quarter, compared to analysts’ expectations of $121.80 million. Perimeter Solutions had a negative net margin of 26.93% and a positive return on equity of 18.29%. On average, equities research analysts forecast that Perimeter Solutions, SA will post 1.91 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Perimeter Solutions

Hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp bought a new stake in Perimeter Solutions during the 3rd quarter worth about $27,000. Arax Advisory Partners grew its holdings in Perimeter Solutions by 122.8% during the 4th quarter. Arax Advisory Partners now owns 1,047 shares of the company’s stock worth $29,000 after acquiring an additional 577 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Perimeter Solutions by 51.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,143 shares of the company’s stock worth $31,000 after acquiring an additional 389 shares during the last quarter. EverSource Wealth Advisors LLC bought a new stake in Perimeter Solutions during the 2nd quarter worth about $42,000. Finally, Comerica Bank grew its holdings in Perimeter Solutions by 45.0% during the 1st quarter. Comerica Bank now owns 4,267 shares of the company’s stock worth $43,000 after acquiring an additional 1,324 shares during the last quarter. Institutional investors own 89.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. UBS Group increased their target price on shares of Perimeter Solutions from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Zacks Research upgraded shares of Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. Wall Street Zen upgraded shares of Perimeter Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Morgan Stanley increased their target price on shares of Perimeter Solutions from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Weiss Ratings upgraded shares of Perimeter Solutions from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Perimeter Solutions presently has a consensus rating of “Moderate Buy” and a consensus 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.