Haitham Khouri Sells 80,156 Shares of Perimeter Solutions, SA (NYSE:PRM) Stock

Perimeter Solutions, SA (NYSE:PRM) CEO Haitham Khouri sold 80,156 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $12.16, for a total value of $974,696.96. Following the completion of the transaction, the chief executive officer now directly owns 249,833 shares in the company, valued at approximately $3,037,969.28. The trade was a 24.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Wednesday, November 13th, Haitham Khouri sold 80,000 shares of Perimeter Solutions stock. The shares were sold at an average price of $12.05, for a total value of $964,000.00.

Perimeter Solutions Trading Up 0.3 %

Shares of PRM stock opened at $12.16 on Friday. The business’s fifty day moving average price is $12.91 and its 200 day moving average price is $10.19. Perimeter Solutions, SA has a 1-year low of $3.84 and a 1-year high of $14.44. The firm has a market capitalization of $1.78 billion, a PE ratio of -10.76 and a beta of 2.02. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 1.87.

Perimeter Solutions (NYSE:PRM) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.61) earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($1.22). Perimeter Solutions had a negative return on equity of 10.08% and a negative net margin of 30.57%. The business had revenue of $288.42 million for the quarter, compared to analyst estimates of $265.30 million. During the same period in the prior year, the company earned $0.31 EPS. As a group, sell-side analysts forecast that Perimeter Solutions, SA will post 0.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Morgan Stanley boosted their target price on Perimeter Solutions from $14.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, September 16th. UBS Group boosted their target price on Perimeter Solutions from $8.75 to $11.00 and gave the company a “neutral” rating in a report on Friday, August 16th.

Institutional Trading of Perimeter Solutions

Several large investors have recently bought and sold shares of PRM. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Perimeter Solutions in the first quarter valued at $423,000. SG Americas Securities LLC acquired a new stake in Perimeter Solutions in the first quarter valued at $86,000. Oppenheimer Asset Management Inc. grew its holdings in Perimeter Solutions by 12.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 44,713 shares of the company’s stock valued at $332,000 after purchasing an additional 4,996 shares during the last quarter. Sei Investments Co. grew its holdings in Perimeter Solutions by 14.3% in the first quarter. Sei Investments Co. now owns 143,207 shares of the company’s stock valued at $1,063,000 after purchasing an additional 17,879 shares during the last quarter. Finally, ProShare Advisors LLC grew its holdings in Perimeter Solutions by 7.3% in the first quarter. ProShare Advisors LLC now owns 27,126 shares of the company’s stock valued at $201,000 after purchasing an additional 1,851 shares during the last quarter. Institutional investors and hedge funds own 89.93% of the company’s stock.

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.