Perimeter Solutions (NYSE:PRM) CFO Sells $1,639,278.60 in Stock

by · The Cerbat Gem

Perimeter Solutions, SA (NYSE:PRM – Get Free Report) CFO Kyle Sable sold 49,540 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $33.09, for a total transaction of $1,639,278.60. Following the completion of the transaction, the chief financial officer directly owned 49,540 shares in the company, valued at $1,639,278.60. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

  • On Friday, May 8th, Kyle Sable sold 150,000 shares of Perimeter Solutions stock. The shares were sold at an average price of $31.52, for a total transaction of $4,728,000.00.
  • On Monday, May 11th, Kyle Sable sold 20,460 shares of Perimeter Solutions stock. The stock was sold at an average price of $32.89, for a total transaction of $672,929.40.
  • On Tuesday, May 12th, Kyle Sable sold 30,000 shares of Perimeter Solutions stock. The stock was sold at an average price of $31.75, for a total transaction of $952,500.00.

Perimeter Solutions Price Performance

Shares of Perimeter Solutions stock traded down $0.79 during trading hours on Friday, reaching $33.21. 1,479,005 shares of the company’s stock were exchanged, compared to its average volume of 1,118,056. Perimeter Solutions, SA has a 1 year low of $11.55 and a 1 year high of $34.89. The company has a market capitalization of $5.42 billion, a P/E ratio of -24.78 and a beta of 1.93. The business has a fifty day moving average of $26.23 and a two-hundred day moving average of $26.60. 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 – Get Free Report) last released its earnings results on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. Perimeter Solutions had a negative net margin of 26.93% and a positive return on equity of 18.29%. The business had revenue of $125.07 million during the quarter, compared to analyst estimates of $121.80 million. As a group, research analysts predict that Perimeter Solutions, SA will post 1.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PRM has been the subject of several recent analyst reports. Morgan Stanley raised their price objective on shares of Perimeter Solutions from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday. Zacks Research raised shares of Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 14th. Wall Street Zen upgraded shares of Perimeter Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. UBS Group increased their price objective on Perimeter Solutions from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings upgraded Perimeter Solutions from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $37.00.

Get Our Latest Research Report on PRM

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its stake in shares of Perimeter Solutions by 51.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,143 shares of the company’s stock worth $31,000 after acquiring an additional 389 shares in the last quarter. Allworth Financial LP grew its stake in Perimeter Solutions by 14.1% during the 4th quarter. Allworth Financial LP now owns 4,100 shares of the company’s stock worth $113,000 after purchasing an additional 508 shares in the last quarter. Comerica Bank grew its stake in Perimeter Solutions by 12.2% during the 3rd quarter. Comerica Bank now owns 5,019 shares of the company’s stock worth $112,000 after purchasing an additional 547 shares in the last quarter. Arax Advisory Partners increased its holdings in Perimeter Solutions by 122.8% during the 4th quarter. Arax Advisory Partners now owns 1,047 shares of the company’s stock worth $29,000 after purchasing an additional 577 shares during the period. Finally, Russell Investments Group Ltd. raised its position in Perimeter Solutions by 5.5% in the 4th quarter. Russell Investments Group Ltd. now owns 12,691 shares of the company’s stock valued at $349,000 after purchasing an additional 660 shares in the last quarter. Institutional investors and hedge funds own 89.93% of the company’s stock.

Perimeter Solutions Company Profile

(Get Free Report)

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.

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