Perimeter Solutions (NYSE:PRM) Insider Jeffrey Emery Sells 53,537 Shares of Stock

Perimeter Solutions, SA (NYSE:PRM) insider Jeffrey Emery sold 53,537 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $33.45, for a total transaction of $1,790,812.65. Following the completion of the transaction, the insider directly owned 53,537 shares in the company, valued at $1,790,812.65. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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 transaction of $1,488,000.00.
• 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 Price Performance

Perimeter Solutions stock opened at $33.21 on Friday. The company has a market cap of $5.42 billion, a price-to-earnings ratio of -24.78 and a beta of 1.93. The firm’s fifty day moving average is $26.41 and its 200 day moving average is $26.64. The company has a quick ratio of 2.42, a current ratio of 3.09 and a debt-to-equity ratio of 1.01. Perimeter Solutions, SA has a 52-week low of $11.55 and a 52-week high of $34.89.

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

Analyst Upgrades and Downgrades

PRM has been the topic of a number of recent research reports. UBS Group upped their price target on shares of Perimeter Solutions from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Wall Street Zen upgraded shares of Perimeter Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. 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, Morgan Stanley increased their target price on shares of Perimeter Solutions from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday. 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $37.00.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Arax Advisory Partners increased its stake in Perimeter Solutions by 122.8% in the 4th quarter. Arax Advisory Partners now owns 1,047 shares of the company’s stock worth $29,000 after buying an additional 577 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Perimeter Solutions by 51.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,143 shares of the company’s stock worth $31,000 after buying an additional 389 shares during the period. Jones Financial Companies Lllp purchased a new position in Perimeter Solutions in the 3rd quarter worth about $27,000. TD Private Client Wealth LLC increased its stake in Perimeter Solutions by 1,450.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 2,108 shares of the company’s stock worth $47,000 after buying an additional 1,972 shares during the period. Finally, Larson Financial Group LLC increased its stake in Perimeter Solutions by 55.7% in the 4th quarter. Larson Financial Group LLC now owns 2,514 shares of the company’s stock worth $69,000 after buying an additional 899 shares during the period. Hedge funds and other institutional investors own 89.93% of the company’s stock.

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.