Perimeter Solutions (NYSE:PRM) CFO Kyle Sable Sells 20,460 Shares of Stock

Perimeter Solutions, SA (NYSE:PRM) CFO Kyle Sable sold 20,460 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $32.89, for a total transaction of $672,929.40. Following the completion of the sale, the chief financial officer directly owned 20,000 shares of the company’s stock, valued at approximately $657,800. This trade represents a 50.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, May 8th, Kyle Sable sold 150,000 shares of Perimeter Solutions stock. The shares were sold at an average price of $31.52, for a total transaction of $4,728,000.00.
• On Tuesday, May 12th, Kyle Sable sold 30,000 shares of Perimeter Solutions stock. The shares were sold at an average price of $31.75, for a total transaction of $952,500.00.

Perimeter Solutions Price Performance

Shares of PRM opened at $32.09 on Wednesday. Perimeter Solutions, SA has a 1-year low of $11.55 and a 1-year high of $34.29. The stock has a market cap of $5.23 billion, a PE ratio of -23.95 and a beta of 1.93. The company has a debt-to-equity ratio of 1.01, a current ratio of 3.09 and a quick ratio of 2.42. The firm has a fifty day moving average price of $25.83 and a 200 day moving average price of $26.43.

Perimeter Solutions (NYSE:PRM) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, beating 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 analysts’ expectations of $121.80 million. As a group, sell-side analysts anticipate that Perimeter Solutions, SA will post 1.47 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on PRM. UBS Group upped their target price on shares of Perimeter Solutions from $30.00 to $34.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Morgan Stanley boosted their price target on shares of Perimeter Solutions from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday. Weiss Ratings upgraded shares of Perimeter Solutions from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday. Wall Street Zen upgraded shares of Perimeter Solutions from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Zacks Research upgraded shares of Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Perimeter Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $37.00.

Hedge Funds Weigh In On Perimeter Solutions

Institutional investors and hedge funds have recently modified their holdings of the company. Arax Advisory Partners lifted its stake 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 buying an additional 577 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake 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 buying an additional 389 shares during the period. Jones Financial Companies Lllp purchased a new position in shares of Perimeter Solutions during the third quarter valued at approximately $27,000. TD Private Client Wealth LLC lifted its stake in shares of Perimeter Solutions by 1,450.0% during the third quarter. TD Private Client Wealth LLC now owns 2,108 shares of the company’s stock valued at $47,000 after buying an additional 1,972 shares during the period. Finally, Larson Financial Group LLC raised its stake in Perimeter Solutions by 55.7% during the fourth quarter. Larson Financial Group LLC now owns 2,514 shares of the company’s stock worth $69,000 after purchasing an additional 899 shares during the period. Hedge funds and other institutional investors own 89.93% of the company’s stock.

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.