Jeffrey Emery Sells 99,963 Shares of Perimeter Solutions (NYSE:PRM) Stock

Perimeter Solutions, SA (NYSE:PRM) insider Jeffrey Emery sold 99,963 shares of Perimeter Solutions stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $32.92, for a total value of $3,290,781.96. Following the completion of the sale, the insider owned 46,500 shares of the company’s stock, valued at $1,530,780. This trade represents a 68.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, May 8th, Jeffrey Emery sold 46,500 shares of Perimeter Solutions stock. The shares were sold at an average price of $32.00, for a total value of $1,488,000.00.

Perimeter Solutions Stock Up 5.7%

PRM opened at $33.94 on Thursday. The company has a debt-to-equity ratio of 1.01, a current ratio of 3.09 and a quick ratio of 2.42. The stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of -25.33 and a beta of 1.93. The business has a 50-day moving average of $26.04 and a two-hundred day moving average of $26.51. Perimeter Solutions, SA has a 12 month low of $11.55 and a 12 month high of $34.29.

Perimeter Solutions (NYSE:PRM) last posted its quarterly earnings results 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 analysts’ expectations 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, research analysts expect that Perimeter Solutions, SA will post 1.91 earnings per share for the current year.

Hedge Funds Weigh In On Perimeter Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of PRM. Balance Capital Partners L.P. acquired a new position in Perimeter Solutions during the 4th quarter worth approximately $69,115,000. Principal Financial Group Inc. raised its position in shares of Perimeter Solutions by 15.0% in the 1st quarter. Principal Financial Group Inc. now owns 12,513,159 shares of the company’s stock valued at $305,572,000 after purchasing an additional 1,634,158 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Perimeter Solutions by 54.9% in the 4th quarter. Janus Henderson Group PLC now owns 3,691,773 shares of the company’s stock valued at $101,634,000 after purchasing an additional 1,308,602 shares in the last quarter. Invesco Ltd. raised its position in shares of Perimeter Solutions by 157.3% in the 4th quarter. Invesco Ltd. now owns 1,294,686 shares of the company’s stock valued at $35,643,000 after purchasing an additional 791,558 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Perimeter Solutions by 50.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,132,167 shares of the company’s stock valued at $47,739,000 after purchasing an additional 714,816 shares in the last quarter. 89.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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