Perimeter Solutions, SA (NYSE:PRM) Director Tracy Britt Cool Sells 50,000 Shares

Perimeter Solutions, SA (NYSE:PRM) Director Tracy Britt Cool sold 50,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $12.81, for a total transaction of $640,500.00. Following the completion of the sale, the director now directly owns 173,449 shares of the company’s stock, valued at approximately $2,221,881.69. This trade represents a 22.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Perimeter Solutions Trading Down 0.2 %

PRM traded down $0.02 during mid-day trading on Monday, hitting $13.11. 1,216,229 shares of the stock were exchanged, compared to its average volume of 760,996. The company has a market cap of $1.92 billion, a PE ratio of -11.62 and a beta of 2.02. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67. The firm’s fifty day moving average is $13.07 and its two-hundred day moving average is $10.41. Perimeter Solutions, SA has a 1-year low of $3.84 and a 1-year high of $14.44.

Perimeter Solutions (NYSE:PRM) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.61) EPS for the quarter, missing the consensus estimate of $0.61 by ($1.22). The business had revenue of $288.42 million during 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 posted $0.31 EPS. Equities analysts forecast that Perimeter Solutions, SA will post 0.62 earnings per share for the current fiscal year.

Institutional Trading of Perimeter Solutions

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

Analysts Set New Price Targets

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

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.