Insider Selling: Perimeter Solutions, SA (NYSE:PRM) Director Sells $640,500.00 in Stock

Perimeter Solutions, SA (NYSE:PRM) Director Tracy Britt Cool sold 50,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $12.81, for a total transaction of $640,500.00. Following the sale, the director now owns 173,449 shares of the company’s stock, valued at approximately $2,221,881.69. This represents a 22.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Perimeter Solutions Stock Down 2.1 %

PRM stock opened at $12.60 on Thursday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.95 and a current ratio of 3.91. Perimeter Solutions, SA has a one year low of $3.84 and a one year high of $14.44. The company has a fifty day moving average of $13.10 and a 200-day moving average of $10.49. The stock has a market capitalization of $1.84 billion, a PE ratio of -11.15 and a beta of 2.02.

Perimeter Solutions (NYSE:PRM) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.61) EPS for the quarter, missing the consensus estimate of $0.61 by ($1.22). Perimeter Solutions had a negative net margin of 30.57% and a negative return on equity of 10.08%. The company had revenue of $288.42 million during the quarter, compared to analyst estimates of $265.30 million. During the same quarter last year, the business earned $0.31 EPS. As a group, analysts expect that Perimeter Solutions, SA will post 0.62 EPS for the current year.

Institutional Trading of Perimeter Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in PRM. SG Americas Securities LLC acquired a new stake in shares of Perimeter Solutions in the first quarter valued at about $86,000. Sei Investments Co. increased its holdings in Perimeter Solutions by 14.3% during the 1st quarter. Sei Investments Co. now owns 143,207 shares of the company’s stock valued at $1,063,000 after acquiring an additional 17,879 shares in the last quarter. ProShare Advisors LLC increased its holdings in Perimeter Solutions by 7.3% during the 1st quarter. ProShare Advisors LLC now owns 27,126 shares of the company’s stock valued at $201,000 after acquiring an additional 1,851 shares in the last quarter. PEAK6 Investments LLC purchased a new position in Perimeter Solutions during the 1st quarter valued at about $192,000. Finally, Lazard Asset Management LLC purchased a new position in Perimeter Solutions during the 1st quarter valued at about $78,000. Institutional investors and hedge funds own 89.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Morgan Stanley raised their target price on shares of Perimeter Solutions from $14.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. UBS Group raised their target price on shares of Perimeter Solutions from $8.75 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, August 16th.

About Perimeter Solutions

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.