Insider Selling: Perimeter Solutions, SA (NYSE:PRM) Director Sells 50,000 Shares of Stock

Perimeter Solutions, SA (NYSE:PRM) Director Tracy Britt Cool sold 50,000 shares of Perimeter Solutions stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $12.81, for a total value of $640,500.00. Following the transaction, the director now owns 173,449 shares of the company’s stock, valued at approximately $2,221,881.69. This represents a 22.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Perimeter Solutions Price Performance

Shares of PRM stock traded down $0.02 during trading hours on Monday, hitting $13.11. 1,216,229 shares of the company’s stock were exchanged, compared to its average volume of 760,996. The firm has a 50 day moving average of $13.07 and a two-hundred day moving average of $10.41. Perimeter Solutions, SA has a fifty-two week low of $3.84 and a fifty-two week high of $14.44. The firm has a market cap of $1.92 billion, a P/E ratio of -11.62 and a beta of 2.02. 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 posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($1.22). The company had revenue of $288.42 million for the quarter, compared to analysts’ expectations of $265.30 million. Perimeter Solutions had a negative net margin of 30.57% and a negative return on equity of 10.08%. During the same period in the previous year, the business earned $0.31 earnings per share. Sell-side analysts forecast that Perimeter Solutions, SA will post 0.62 EPS for the current year.

Institutional Investors Weigh In On Perimeter Solutions

Several institutional investors have recently bought and sold shares of PRM. Dimensional Fund Advisors LP boosted its stake in Perimeter Solutions by 59.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,878,518 shares of the company’s stock worth $14,708,000 after purchasing an additional 698,622 shares during the last quarter. DF Dent & Co. Inc. raised its holdings in Perimeter Solutions by 27.4% in the 3rd quarter. DF Dent & Co. Inc. now owns 2,341,963 shares of the company’s stock valued at $31,499,000 after acquiring an additional 504,146 shares during the last quarter. FMR LLC lifted its stake in Perimeter Solutions by 2,993.1% in the 3rd quarter. FMR LLC now owns 307,426 shares of the company’s stock worth $4,135,000 after purchasing an additional 297,487 shares in the last quarter. Pennant Select LLC boosted its holdings in shares of Perimeter Solutions by 41.6% during the 3rd quarter. Pennant Select LLC now owns 814,000 shares of the company’s stock worth $10,948,000 after purchasing an additional 239,000 shares during the last quarter. Finally, Maverick Capital Ltd. boosted its stake in Perimeter Solutions by 239.3% during the second quarter. Maverick Capital Ltd. now owns 227,477 shares of the company’s stock worth $1,781,000 after buying an additional 160,432 shares during the last quarter. 89.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PRM has been the topic of a number of analyst reports. UBS Group raised their price objective on shares of Perimeter Solutions from $8.75 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, August 16th. Morgan Stanley raised their price target on shares of Perimeter Solutions from $14.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, September 16th.

About Perimeter Solutions

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.