Perimeter Solutions, SA (NYSE:PRM) CEO Haitham Khouri Sells 80,000 Shares

Perimeter Solutions, SA (NYSE:PRM) CEO Haitham Khouri sold 80,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $12.05, for a total transaction of $964,000.00. Following the sale, the chief executive officer now directly owns 429,989 shares in the company, valued at $5,181,367.45. This trade represents a 15.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, November 15th, Haitham Khouri sold 80,156 shares of Perimeter Solutions stock. The shares were sold at an average price of $12.16, for a total transaction of $974,696.96.

Perimeter Solutions Stock Up 0.3 %

Shares of NYSE:PRM traded up $0.04 during midday trading on Friday, reaching $12.16. 1,593,062 shares of the company were exchanged, compared to its average volume of 748,631. The firm has a market cap of $1.78 billion, a PE ratio of -10.77 and a beta of 2.02. Perimeter Solutions, SA has a fifty-two week low of $3.84 and a fifty-two week high of $14.44. The stock has a fifty day simple moving average of $12.89 and a two-hundred day simple moving average of $10.13. The company has a quick ratio of 1.87, a current ratio of 3.91 and a debt-to-equity ratio of 0.67.

Institutional Investors Weigh In On Perimeter Solutions

Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in Perimeter Solutions by 59.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,878,518 shares of the company’s stock valued at $14,708,000 after acquiring an additional 698,622 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Perimeter Solutions during the 1st quarter worth about $423,000. Maverick Capital Ltd. lifted its position in Perimeter Solutions by 239.3% during the 2nd quarter. Maverick Capital Ltd. now owns 227,477 shares of the company’s stock worth $1,781,000 after buying an additional 160,432 shares in the last quarter. American Century Companies Inc. lifted its position in Perimeter Solutions by 66.6% during the 2nd quarter. American Century Companies Inc. now owns 123,252 shares of the company’s stock worth $965,000 after buying an additional 49,251 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in Perimeter Solutions by 81.6% during the 3rd quarter. SG Americas Securities LLC now owns 48,385 shares of the company’s stock worth $651,000 after buying an additional 21,735 shares in the last quarter. 89.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on PRM shares. Morgan Stanley raised their price objective on shares of Perimeter Solutions from $14.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. UBS Group increased their target price on shares of Perimeter Solutions from $8.75 to $11.00 and gave the stock a “neutral” rating in a report on Friday, August 16th.

Perimeter Solutions Company Profile

Perimeter Solutions, SA manufactures and supplies firefighting products and lubricant additives in the United States, Germany, and internationally. It operates in two segments, Fire Safety and Specialty Products. The Fire Safety segment provides fire retardants and firefighting foams, as well as specialized equipment and services for federal, state, provincial, local/municipal, and commercial customers.