Perimeter Solutions, SA (NYSE:PRM) Director Vivek Raj Sells 250,000 Shares of Stock

Perimeter Solutions, SA (NYSE:PRM) Director Vivek Raj sold 250,000 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $9.17, for a total transaction of $2,292,500.00. Following the completion of the sale, the director now directly owns 471,226 shares of the company’s stock, valued at approximately $4,321,142.42. The trade was a 34.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Perimeter Solutions Price Performance

Perimeter Solutions stock opened at $9.08 on Tuesday. Perimeter Solutions, SA has a 52-week low of $6.01 and a 52-week high of $14.44. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of -64.82 and a beta of 1.93. The company has a fifty day simple moving average of $11.55 and a 200-day simple moving average of $12.36. The company has a quick ratio of 2.95, a current ratio of 3.91 and a debt-to-equity ratio of 0.67.

Perimeter Solutions (NYSE:PRM) last released its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.21. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. The business had revenue of $86.23 million during the quarter, compared to analyst estimates of $77.01 million. On average, equities analysts anticipate that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal year.

Institutional Investors Weigh In On Perimeter Solutions

Large investors have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Perimeter Solutions by 25.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 313,239 shares of the company’s stock valued at $4,003,000 after purchasing an additional 63,919 shares during the period. Voloridge Investment Management LLC grew its holdings in shares of Perimeter Solutions by 26.6% in the fourth quarter. Voloridge Investment Management LLC now owns 174,651 shares of the company’s stock valued at $2,232,000 after purchasing an additional 36,652 shares during the period. Squarepoint Ops LLC purchased a new stake in shares of Perimeter Solutions in the fourth quarter valued at about $1,911,000. Two Sigma Advisers LP purchased a new stake in shares of Perimeter Solutions in the fourth quarter valued at about $258,000. Finally, State of Wyoming grew its holdings in shares of Perimeter Solutions by 241.6% in the fourth quarter. State of Wyoming now owns 34,827 shares of the company’s stock valued at $445,000 after purchasing an additional 24,632 shares during the period. Hedge funds and other institutional investors own 89.93% of the company’s stock.

Perimeter Solutions Company Profile

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.