Perimeter Solutions (NYSE:PRM) CEO Haitham Khouri Sells 117,511 Shares of Stock

Perimeter Solutions, SA (NYSE:PRM) CEO Haitham Khouri sold 117,511 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $31.19, for a total value of $3,665,168.09. Following the transaction, the chief executive officer directly owned 1,874,615 shares of the company’s stock, valued at approximately $58,469,241.85. This trade represents a 5.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Haitham Khouri also recently made the following trade(s):

• On Thursday, May 21st, Haitham Khouri sold 91,724 shares of Perimeter Solutions stock. The stock was sold at an average price of $31.91, for a total value of $2,926,912.84.
• On Wednesday, May 20th, Haitham Khouri sold 20,300 shares of Perimeter Solutions stock. The shares were sold at an average price of $34.09, for a total value of $692,027.00.

Perimeter Solutions Trading Down 0.8%

NYSE PRM opened at $31.15 on Friday. The company has a market cap of $5.08 billion, a PE ratio of -23.24 and a beta of 1.93. The company has a current ratio of 3.09, a quick ratio of 1.61 and a debt-to-equity ratio of 1.01. Perimeter Solutions, SA has a 12 month low of $11.58 and a 12 month high of $34.89. The stock has a 50 day moving average of $27.31 and a 200-day moving average of $26.99.

Perimeter Solutions (NYSE:PRM) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. The company had revenue of $125.07 million during the quarter, compared to the consensus estimate of $121.80 million. Perimeter Solutions had a positive return on equity of 18.29% and a negative net margin of 26.93%. On average, equities research analysts anticipate that Perimeter Solutions, SA will post 1.91 EPS for the current fiscal year.

Institutional Investors Weigh In On Perimeter Solutions

A number of large investors have recently added to or reduced their stakes in PRM. Comerica Bank raised its stake 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 period. Royal Bank of Canada raised its stake in Perimeter Solutions by 100.0% in the 1st quarter. Royal Bank of Canada now owns 80,608 shares of the company’s stock valued at $812,000 after acquiring an additional 40,294 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Perimeter Solutions by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,546 shares of the company’s stock valued at $801,000 after acquiring an additional 3,428 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Perimeter Solutions by 4.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 328,188 shares of the company’s stock valued at $3,305,000 after acquiring an additional 14,949 shares during the period. Finally, American Century Companies Inc. bought a new stake in Perimeter Solutions in the 2nd quarter valued at $2,128,000. Institutional investors own 89.93% of the company’s stock.

Analyst Upgrades and Downgrades

PRM has been the subject of several recent analyst reports. Wall Street Zen raised Perimeter Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings raised Perimeter Solutions from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, May 11th. Morgan Stanley increased their price objective on Perimeter Solutions from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, May 11th. UBS Group increased their price objective on Perimeter Solutions from $30.00 to $34.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Zacks Research raised Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average 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.