Perimeter Solutions (NYSE:PRM) CFO Sells $4,728,000.00 in Stock

Perimeter Solutions, SA (NYSE:PRM) CFO Kyle Sable sold 150,000 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $31.52, for a total value of $4,728,000.00. Following the sale, the chief financial officer directly owned 20,000 shares of the company’s stock, valued at approximately $630,400. This represents a 88.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kyle Sable also recently made the following trade(s):

• On Monday, May 11th, Kyle Sable sold 20,460 shares of Perimeter Solutions stock. The shares were sold at an average price of $32.89, for a total value of $672,929.40.
• On Tuesday, May 12th, Kyle Sable sold 30,000 shares of Perimeter Solutions stock. The shares were sold at an average price of $31.75, for a total value of $952,500.00.

Perimeter Solutions Trading Up 0.4%

Shares of Perimeter Solutions stock opened at $34.04 on Friday. Perimeter Solutions, SA has a 1 year low of $11.55 and a 1 year high of $34.89. The firm has a market cap of $5.55 billion, a PE ratio of -25.40 and a beta of 1.93. The stock has a fifty day moving average price of $26.23 and a 200-day moving average price of $26.60. The company has a debt-to-equity ratio of 1.01, a current ratio of 3.09 and a quick ratio of 2.42.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Zacks Research upgraded Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 14th. UBS Group increased their price target on Perimeter Solutions from $30.00 to $34.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Weiss Ratings upgraded Perimeter Solutions from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday. Morgan Stanley increased their price target on Perimeter Solutions from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Wall Street Zen upgraded Perimeter Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $37.00.

Institutional Trading of Perimeter Solutions

A number of large investors have recently modified their holdings of PRM. Comerica Bank boosted its position in shares of Perimeter Solutions by 45.0% during the 1st quarter. Comerica Bank now owns 4,267 shares of the company’s stock valued at $43,000 after acquiring an additional 1,324 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Perimeter Solutions by 100.0% during the 1st quarter. Royal Bank of Canada now owns 80,608 shares of the company’s stock worth $812,000 after acquiring an additional 40,294 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Perimeter Solutions by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,546 shares of the company’s stock valued at $801,000 after acquiring an additional 3,428 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Perimeter Solutions by 4.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 328,188 shares of the company’s stock valued at $3,305,000 after acquiring an additional 14,949 shares during the last quarter. Finally, American Century Companies Inc. bought a new position in Perimeter Solutions in the second quarter valued at $2,128,000. 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.