Perimeter Solutions (NYSE:PRM) CEO Haitham Khouri Sells 91,724 Shares

by · The Cerbat Gem

Perimeter Solutions, SA (NYSE:PRM – Get Free Report) CEO Haitham Khouri sold 91,724 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $31.91, for a total transaction of $2,926,912.84. Following the transaction, the chief executive officer owned 1,992,126 shares in the company, valued at $63,568,740.66. The trade was a 4.40% 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 link.

Haitham Khouri also recently made the following trade(s):

  • On Friday, May 22nd, Haitham Khouri sold 117,511 shares of Perimeter Solutions stock. The shares were sold at an average price of $31.19, for a total transaction of $3,665,168.09.
  • On Wednesday, May 20th, Haitham Khouri sold 20,300 shares of Perimeter Solutions stock. The shares were sold at an average price of $34.09, for a total value of $692,027.00.

Perimeter Solutions Trading Down 0.8%

Shares of NYSE:PRM traded down $0.26 during trading on Friday, reaching $31.15. 1,266,852 shares of the company traded hands, compared to its average volume of 1,124,907. The firm has a market capitalization of $5.08 billion, a price-to-earnings ratio of -23.24 and a beta of 1.93. Perimeter Solutions, SA has a 52-week low of $11.58 and a 52-week high of $34.89. The company has a current ratio of 3.09, a quick ratio of 1.61 and a debt-to-equity ratio of 1.01. The business’s fifty day moving average is $27.15 and its 200-day moving average is $26.96.

Perimeter Solutions (NYSE:PRM – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $125.07 million during the quarter, compared to analyst estimates of $121.80 million. As a group, analysts forecast that Perimeter Solutions, SA will post 1.91 EPS for the current year.

Hedge Funds Weigh In On Perimeter Solutions

Several institutional investors and hedge funds have recently modified their holdings of PRM. Comerica Bank increased its holdings in shares of Perimeter Solutions by 45.0% during the first quarter. Comerica Bank now owns 4,267 shares of the company’s stock valued at $43,000 after acquiring an additional 1,324 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Perimeter Solutions by 100.0% during the first quarter. Royal Bank of Canada now owns 80,608 shares of the company’s stock valued at $812,000 after acquiring an additional 40,294 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Perimeter Solutions by 4.5% during 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Perimeter Solutions by 4.8% during 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 in the last quarter. Finally, American Century Companies Inc. bought a new position in shares of Perimeter Solutions during the second quarter valued at $2,128,000. 89.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PRM has been the subject of several recent research reports. Zacks Research raised Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. Morgan Stanley raised their price objective on Perimeter Solutions from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Wall Street Zen raised Perimeter Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. UBS Group raised 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, Weiss Ratings raised Perimeter Solutions from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, May 11th. One 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $37.00.

Check Out Our Latest Report on Perimeter Solutions

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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