Perimeter Solutions (NYSE:PRM) CEO Haitham Khouri Sells 20,300 Shares

Perimeter Solutions, SA (NYSE:PRM) CEO Haitham Khouri sold 20,300 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $34.09, for a total transaction of $692,027.00. Following the completion of the sale, the chief executive officer directly owned 2,083,850 shares of the company’s stock, valued at approximately $71,038,446.50. This trade represents a 0.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, May 22nd, Haitham Khouri sold 117,511 shares of Perimeter Solutions stock. The stock was sold at an average price of $31.19, for a total transaction of $3,665,168.09.
• On Thursday, May 21st, Haitham Khouri sold 91,724 shares of Perimeter Solutions stock. The stock was sold at an average price of $31.91, for a total transaction of $2,926,912.84.

Perimeter Solutions Price Performance

Shares of NYSE:PRM traded down $0.26 during midday trading on Friday, reaching $31.15. 1,266,852 shares of the company were exchanged, compared to its average volume of 1,124,907. 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 two-hundred day moving average is $26.96. Perimeter Solutions, SA has a one year low of $11.58 and a one year high of $34.89. The stock has a market cap of $5.08 billion, a PE ratio of -23.24 and a beta of 1.93.

Perimeter Solutions (NYSE:PRM) last issued 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. Perimeter Solutions had a negative net margin of 26.93% and a positive return on equity of 18.29%. The firm had revenue of $125.07 million during the quarter, compared to analyst estimates of $121.80 million. As a group, analysts predict that Perimeter Solutions, SA will post 1.91 earnings per share for the current year.

Hedge Funds Weigh In On Perimeter Solutions

Several institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. lifted its position in Perimeter Solutions by 15.0% during the first quarter. Principal Financial Group Inc. now owns 12,513,159 shares of the company’s stock valued at $305,572,000 after purchasing an additional 1,634,158 shares during the last quarter. Vanguard Group Inc. lifted its position in Perimeter Solutions by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 8,570,699 shares of the company’s stock valued at $235,951,000 after purchasing an additional 156,788 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Perimeter Solutions by 4.5% during the third quarter. Dimensional Fund Advisors LP now owns 5,145,141 shares of the company’s stock valued at $115,188,000 after purchasing an additional 221,290 shares during the last quarter. Janus Henderson Group PLC lifted its position in Perimeter Solutions by 8.6% during the first quarter. Janus Henderson Group PLC now owns 4,007,536 shares of the company’s stock valued at $97,863,000 after purchasing an additional 315,763 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Perimeter Solutions by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 3,421,820 shares of the company’s stock valued at $94,218,000 after purchasing an additional 122,435 shares during the last quarter. Institutional investors own 89.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of Perimeter Solutions from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Zacks Research upgraded shares of Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. Wall Street Zen upgraded shares of Perimeter Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded shares of Perimeter Solutions from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Finally, UBS Group upped their target price on shares of Perimeter Solutions from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. 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 company’s stock. Based on data from MarketBeat, Perimeter Solutions presently has an average rating of “Moderate Buy” and an average target price of $37.00.

Perimeter Solutions Company Profile

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.