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

Perimeter Solutions, SA (NYSE:PRM) CFO Kyle Sable sold 20,460 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $32.89, for a total value of $672,929.40. Following the completion of the sale, the chief financial officer directly owned 20,000 shares in the company, valued at approximately $657,800. The trade was a 50.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $31.52, for a total value 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 value of $952,500.00.

Perimeter Solutions Price Performance

PRM stock opened at $33.94 on Thursday. The business’s fifty day moving average price is $26.04 and its 200 day moving average price is $26.51. Perimeter Solutions, SA has a 12-month low of $11.55 and a 12-month high of $34.29. The company has a current ratio of 3.09, a quick ratio of 2.42 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $5.54 billion, a PE ratio of -25.33 and a beta of 1.93.

Perimeter Solutions (NYSE:PRM) last announced its earnings results on Thursday, May 7th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The company had revenue of $125.07 million during the quarter, compared to analysts’ expectations of $121.80 million. Perimeter Solutions had a positive return on equity of 18.29% and a negative net margin of 26.93%. On average, sell-side analysts anticipate that Perimeter Solutions, SA will post 1.91 EPS for the current year.

Hedge Funds Weigh In On Perimeter Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp acquired a new position in shares of Perimeter Solutions during the third quarter worth about $27,000. Arax Advisory Partners raised its holdings in Perimeter Solutions by 122.8% in the fourth quarter. Arax Advisory Partners now owns 1,047 shares of the company’s stock valued at $29,000 after acquiring an additional 577 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Perimeter Solutions by 51.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,143 shares of the company’s stock worth $31,000 after acquiring an additional 389 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new position in Perimeter Solutions during the 2nd quarter worth approximately $42,000. Finally, Comerica Bank grew its holdings in Perimeter Solutions by 45.0% during the 1st quarter. Comerica Bank now owns 4,267 shares of the company’s stock worth $43,000 after acquiring an additional 1,324 shares in the last quarter. Hedge funds and other institutional investors own 89.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on PRM. Zacks Research raised shares of Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 14th. 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 increased 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. Weiss Ratings raised shares of Perimeter Solutions from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday. Finally, UBS Group boosted their price target on shares of Perimeter Solutions from $30.00 to $34.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Perimeter Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $37.00.

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.