Perimeter Solutions (NYSE:PRM) Insider Jeffrey Emery Sells 46,500 Shares

Perimeter Solutions, SA (NYSE:PRM) insider Jeffrey Emery sold 46,500 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $32.00, for a total value of $1,488,000.00. Following the completion of the sale, the insider directly owned 46,500 shares in the company, valued at approximately $1,488,000. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 value of $3,290,781.96.

Perimeter Solutions Stock Performance

NYSE:PRM opened at $32.09 on Wednesday. The business’s 50-day moving average price is $25.83 and its two-hundred day moving average price is $26.43. Perimeter Solutions, SA has a twelve month low of $11.55 and a twelve month high of $34.29. The stock has a market cap of $5.23 billion, a P/E ratio of -23.95 and a beta of 1.93. 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 (NYSE:PRM) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.04. Perimeter Solutions had a positive return on equity of 18.29% and a negative net margin of 26.93%.The firm had revenue of $125.07 million for the quarter, compared to analysts’ expectations of $121.80 million. As a group, equities analysts predict that Perimeter Solutions, SA will post 1.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on PRM shares. Morgan Stanley raised 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 raised Perimeter Solutions from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings upgraded Perimeter Solutions from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday. UBS Group increased their price objective on Perimeter Solutions from $30.00 to $34.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Zacks Research upgraded Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.00.

Hedge Funds Weigh In On Perimeter Solutions

Institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. grew its position in shares of 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 last quarter. Allworth Financial LP grew its position in shares of Perimeter Solutions by 14.1% in the 4th quarter. Allworth Financial LP now owns 4,100 shares of the company’s stock worth $113,000 after buying an additional 508 shares during the last quarter. Comerica Bank grew its position in shares of Perimeter Solutions by 12.2% in the 3rd quarter. Comerica Bank now owns 5,019 shares of the company’s stock worth $112,000 after buying an additional 547 shares during the last quarter. Arax Advisory Partners grew its position in shares of 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 last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Perimeter Solutions by 5.5% in the 4th quarter. Russell Investments Group Ltd. now owns 12,691 shares of the company’s stock worth $349,000 after buying an additional 660 shares during the last quarter. 89.93% of the stock is currently owned by institutional investors.

Perimeter Solutions Company Profile

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.