Perimeter Solutions (NYSE:PRM) CFO Kyle Sable Sells 49,540 Shares

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

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

• On Friday, May 8th, Kyle Sable sold 150,000 shares of Perimeter Solutions stock. The stock was 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 Stock Performance

Perimeter Solutions stock opened at $33.21 on Friday. The company has a current ratio of 3.09, a quick ratio of 2.42 and a debt-to-equity ratio of 1.01. The firm has a 50-day moving average of $26.41 and a 200-day moving average of $26.64. The firm has a market cap of $5.42 billion, a P/E ratio of -24.78 and a beta of 1.93. Perimeter Solutions, SA has a 1-year low of $11.55 and a 1-year high of $34.89.

Perimeter Solutions (NYSE:PRM) last posted its earnings results on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The company had revenue of $125.07 million during the quarter, compared to analyst estimates of $121.80 million. Perimeter Solutions had a negative net margin of 26.93% and a positive return on equity of 18.29%. Sell-side analysts expect that Perimeter Solutions, SA will post 1.91 EPS for the current year.

Institutional Trading of Perimeter Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its holdings in Perimeter Solutions by 15.0% in the first quarter. Principal Financial Group Inc. now owns 12,513,159 shares of the company’s stock worth $305,572,000 after buying an additional 1,634,158 shares during the period. Vanguard Group Inc. lifted its holdings in Perimeter Solutions by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 8,570,699 shares of the company’s stock worth $235,951,000 after buying an additional 156,788 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Perimeter Solutions by 4.5% in the third quarter. Dimensional Fund Advisors LP now owns 5,145,141 shares of the company’s stock worth $115,188,000 after buying an additional 221,290 shares during the period. Janus Henderson Group PLC lifted its holdings in Perimeter Solutions by 54.9% in the fourth quarter. Janus Henderson Group PLC now owns 3,691,773 shares of the company’s stock worth $101,634,000 after buying an additional 1,308,602 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Perimeter Solutions by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 3,421,820 shares of the company’s stock worth $94,218,000 after buying an additional 122,435 shares during the period. 89.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Perimeter Solutions from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday. Morgan Stanley increased their target price on shares of Perimeter Solutions from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday. 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 target price on shares of Perimeter Solutions from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Zacks Research upgraded shares of Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.