Perimeter Solutions (NYSE:PRM) CFO Kyle Sable Sells 100,000 Shares

Perimeter Solutions, SA (NYSE:PRM) CFO Kyle Sable sold 100,000 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $28.47, for a total value of $2,847,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Perimeter Solutions Stock Down 0.7%

Shares of NYSE PRM traded down $0.21 during mid-day trading on Tuesday, reaching $27.96. 800,188 shares of the company’s stock were exchanged, compared to its average volume of 1,163,587. Perimeter Solutions, SA has a twelve month low of $8.76 and a twelve month high of $29.78. The company has a current ratio of 2.22, a quick ratio of 1.72 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $4.14 billion, a price-to-earnings ratio of 66.58 and a beta of 1.96. The business has a fifty day simple moving average of $24.97 and a 200 day simple moving average of $20.27.

Perimeter Solutions (NYSE:PRM) last posted its earnings results on Thursday, October 30th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.14. The business had revenue of $315.44 million during the quarter, compared to analysts’ expectations of $238.27 million. Perimeter Solutions had a return on equity of 17.33% and a net margin of 12.26%. As a group, equities analysts expect that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal year.

Hedge Funds Weigh In On Perimeter Solutions

Hedge funds have recently modified their holdings of the stock. Alpha Wave Global LP bought a new stake in Perimeter Solutions during the second quarter worth about $11,155,000. Alyeska Investment Group L.P. acquired a new position in shares of Perimeter Solutions during the 1st quarter worth approximately $8,056,000. Raymond James Financial Inc. raised its stake in shares of Perimeter Solutions by 364.0% during the 1st quarter. Raymond James Financial Inc. now owns 926,084 shares of the company’s stock worth $9,326,000 after purchasing an additional 726,484 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Perimeter Solutions by 50.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,132,167 shares of the company’s stock worth $47,739,000 after purchasing an additional 714,816 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of Perimeter Solutions in the 3rd quarter valued at approximately $14,612,000. Institutional investors own 89.93% of the company’s stock.

Analysts Set New Price Targets

PRM has been the topic of a number of research analyst reports. UBS Group raised their price objective on shares of Perimeter Solutions from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Morgan Stanley set a $35.00 target price on Perimeter Solutions in a report on Monday. Weiss Ratings reissued a “hold (c-)” rating on shares of Perimeter Solutions in a research note on Wednesday, October 8th. Finally, Zacks Research raised Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $30.00.

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.