Insider Selling: Perimeter Solutions (NYSE:PRM) Insider Sells $1,790,812.65 in Stock

Perimeter Solutions, SA (NYSE:PRM) insider Jeffrey Emery sold 53,537 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $33.45, for a total transaction of $1,790,812.65. Following the sale, the insider directly owned 53,537 shares in the company, valued at $1,790,812.65. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jeffrey Emery also recently made the following trade(s):

• On Friday, May 8th, Jeffrey Emery sold 46,500 shares of Perimeter Solutions stock. The shares were sold at an average price of $32.00, for a total transaction of $1,488,000.00.
• On Monday, May 11th, Jeffrey Emery sold 99,963 shares of Perimeter Solutions stock. The shares were sold at an average price of $32.92, for a total transaction of $3,290,781.96.

Perimeter Solutions Price Performance

PRM opened at $33.21 on Monday. Perimeter Solutions, SA has a one year low of $11.55 and a one year high of $34.89. The company has a debt-to-equity ratio of 1.01, a current ratio of 3.09 and a quick ratio of 1.61. The company’s 50 day simple moving average is $26.41 and its 200-day simple moving average is $26.68. The stock has a market capitalization of $5.42 billion, a P/E ratio of -24.78 and a beta of 1.93.

Perimeter Solutions (NYSE:PRM) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.06 EPS for the quarter, beating the consensus estimate 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 business had revenue of $125.07 million for the quarter, compared to analysts’ expectations of $121.80 million. Sell-side analysts anticipate that Perimeter Solutions, SA will post 1.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wall Street Zen raised shares of Perimeter Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Morgan Stanley lifted their target price on shares of Perimeter Solutions from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Zacks Research upgraded shares of Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. 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 research report on Thursday, May 7th. Finally, Weiss Ratings upgraded shares of Perimeter Solutions from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

Institutional Trading of Perimeter Solutions

Several institutional investors and hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its position in shares of Perimeter Solutions by 51.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,143 shares of the company’s stock valued at $31,000 after acquiring an additional 389 shares during the last quarter. Allworth Financial LP boosted its position in shares of Perimeter Solutions by 14.1% during the fourth quarter. Allworth Financial LP now owns 4,100 shares of the company’s stock worth $113,000 after purchasing an additional 508 shares in the last quarter. Comerica Bank boosted its position in shares of Perimeter Solutions by 12.2% during the third quarter. Comerica Bank now owns 5,019 shares of the company’s stock worth $112,000 after purchasing an additional 547 shares in the last quarter. Arax Advisory Partners boosted its position 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 worth $29,000 after purchasing an additional 577 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Perimeter Solutions by 5.5% during the fourth quarter. Russell Investments Group Ltd. now owns 12,691 shares of the company’s stock worth $349,000 after purchasing an additional 660 shares in the last quarter. 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.