Perimeter Solutions, SA (NYSE:PRM) Director Sells $640,500.00 in Stock

Perimeter Solutions, SA (NYSE:PRM) Director Tracy Britt Cool sold 50,000 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 173,449 shares in the company, valued at approximately $2,221,881.69. The trade was a 22.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Perimeter Solutions Stock Performance

NYSE PRM opened at $13.11 on Tuesday. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of -11.60 and a beta of 2.02. The stock has a 50-day moving average of $13.09 and a 200 day moving average of $10.45. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67. Perimeter Solutions, SA has a twelve month low of $3.84 and a twelve month 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 analysts’ consensus estimates of $0.61 by ($1.22). Perimeter Solutions had a negative net margin of 30.57% and a negative return on equity of 10.08%. The business had revenue of $288.42 million during the quarter, compared to analysts’ expectations of $265.30 million. During the same quarter last year, the firm earned $0.31 earnings per share. Sell-side analysts anticipate that Perimeter Solutions, SA will post 0.62 EPS for the current fiscal year.

Hedge Funds Weigh In On Perimeter Solutions

A number of large investors have recently added to or reduced their stakes in the stock. DF Dent & Co. Inc. grew its position in shares of Perimeter Solutions by 27.4% in the third quarter. DF Dent & Co. Inc. now owns 2,341,963 shares of the company’s stock valued at $31,499,000 after purchasing an additional 504,146 shares during the period. Senator Investment Group LP increased its stake in Perimeter Solutions by 0.5% during the 2nd quarter. Senator Investment Group LP now owns 2,125,000 shares of the company’s stock worth $16,639,000 after buying an additional 10,700 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Perimeter Solutions by 59.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,878,518 shares of the company’s stock valued at $14,708,000 after acquiring an additional 698,622 shares during the last quarter. Pennant Select LLC lifted its position in shares of Perimeter Solutions by 41.6% in the third quarter. Pennant Select LLC now owns 814,000 shares of the company’s stock valued at $10,948,000 after acquiring an additional 239,000 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Perimeter Solutions by 4.3% in the second quarter. Bank of New York Mellon Corp now owns 509,868 shares of the company’s stock worth $3,992,000 after acquiring an additional 21,012 shares during the last quarter. 89.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PRM. UBS Group increased their price target on shares of Perimeter Solutions from $8.75 to $11.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Morgan Stanley boosted their target price on shares of Perimeter Solutions from $14.00 to $18.00 and gave the company an “overweight” rating in a research note 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.