Perimeter Solutions, SA (NYSE:PRM) CEO Haitham Khouri Sells 80,000 Shares of Stock

Perimeter Solutions, SA (NYSE:PRM) CEO Haitham Khouri sold 80,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $12.05, for a total value of $964,000.00. Following the sale, the chief executive officer now directly owns 429,989 shares in the company, valued at $5,181,367.45. This trade represents a 15.69 % 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, November 15th, Haitham Khouri sold 80,156 shares of Perimeter Solutions stock. The stock was sold at an average price of $12.16, for a total transaction of $974,696.96.

Perimeter Solutions Stock Up 0.3 %

NYSE:PRM opened at $12.16 on Friday. The stock has a fifty day simple moving average of $12.91 and a 200-day simple moving average of $10.16. The company has a current ratio of 3.91, a quick ratio of 1.87 and a debt-to-equity ratio of 0.67. The company has a market cap of $1.78 billion, a price-to-earnings ratio of -10.76 and a beta of 2.02. Perimeter Solutions, SA has a twelve month low of $3.84 and a twelve month high of $14.44.

Hedge Funds Weigh In On Perimeter Solutions

A number of institutional investors have recently modified their holdings of PRM. Dimensional Fund Advisors LP increased its holdings in Perimeter Solutions by 59.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,878,518 shares of the company’s stock worth $14,708,000 after purchasing an additional 698,622 shares during the period. 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 valued at $31,499,000 after buying an additional 504,146 shares during the period. FMR LLC raised its holdings in shares of 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 position in shares of Perimeter Solutions by 41.6% in the 3rd quarter. Pennant Select LLC now owns 814,000 shares of the company’s stock worth $10,948,000 after purchasing an additional 239,000 shares during the period. Finally, Maverick Capital Ltd. lifted its position in shares of Perimeter Solutions by 239.3% in the 2nd quarter. Maverick Capital Ltd. now owns 227,477 shares of the company’s stock worth $1,781,000 after purchasing an additional 160,432 shares during the period. 89.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

About Perimeter Solutions

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.