Insider Selling: Perimeter Solutions (NYSE:PRM) Insider Sells $3,290,781.96 in Stock

Perimeter Solutions, SA (NYSE:PRM) insider Jeffrey Emery sold 99,963 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $32.92, for a total transaction of $3,290,781.96. Following the sale, the insider directly owned 46,500 shares in the company, valued at approximately $1,530,780. The trade was a 68.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Jeffrey Emery also recently made the following trade(s):

• On Friday, May 8th, Jeffrey Emery sold 46,500 shares of Perimeter Solutions stock. The stock was sold at an average price of $32.00, for a total transaction of $1,488,000.00.

Perimeter Solutions Stock Performance

NYSE PRM opened at $34.04 on Friday. The stock has a market cap of $5.55 billion, a PE ratio of -25.40 and a beta of 1.93. The firm’s fifty day moving average price is $26.23 and its two-hundred day moving average price is $26.60. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.42 and a current ratio of 3.09. Perimeter Solutions, SA has a fifty-two week low of $11.55 and a fifty-two week high of $34.89.

Perimeter Solutions (NYSE:PRM) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $125.07 million for the quarter, compared to analysts’ expectations of $121.80 million. On average, equities analysts expect that Perimeter Solutions, SA will post 1.91 EPS for the current fiscal year.

Hedge Funds Weigh In On Perimeter Solutions

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Wall Street Zen raised shares of Perimeter Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings raised shares of Perimeter Solutions from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday. UBS Group boosted their price objective on shares of Perimeter Solutions from $30.00 to $34.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Morgan Stanley boosted their price objective on shares of Perimeter Solutions from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Zacks Research raised shares of Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 14th. One 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $37.00.

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.