Perimeter Solutions (NYSE:PRM) CEO Haitham Khouri Sells 20,300 Shares

Perimeter Solutions, SA (NYSE:PRM) CEO Haitham Khouri sold 20,300 shares of Perimeter Solutions stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $34.09, for a total transaction of $692,027.00. Following the sale, the chief executive officer directly owned 2,083,850 shares in the company, valued at $71,038,446.50. The trade was a 0.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Friday, May 22nd, Haitham Khouri sold 117,511 shares of Perimeter Solutions stock. The stock was sold at an average price of $31.19, for a total transaction of $3,665,168.09.
• On Thursday, May 21st, Haitham Khouri sold 91,724 shares of Perimeter Solutions stock. The stock was sold at an average price of $31.91, for a total transaction of $2,926,912.84.

Perimeter Solutions Stock Performance

Perimeter Solutions stock opened at $31.15 on Friday. The stock’s 50 day simple moving average is $27.31 and its two-hundred day simple moving average is $26.99. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.61 and a current ratio of 3.09. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of -23.24 and a beta of 1.93. Perimeter Solutions, SA has a fifty-two week low of $11.58 and a fifty-two week high of $34.89.

Perimeter Solutions (NYSE:PRM) last posted its earnings results on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The firm had revenue of $125.07 million for the quarter, compared to the consensus estimate of $121.80 million. Perimeter Solutions had a positive return on equity of 18.29% and a negative net margin of 26.93%. As a group, analysts expect that Perimeter Solutions, SA will post 1.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in shares of Perimeter Solutions by 15.0% during the first quarter. Principal Financial Group Inc. now owns 12,513,159 shares of the company’s stock valued at $305,572,000 after buying an additional 1,634,158 shares during the last quarter. Vanguard Group Inc. boosted its stake in Perimeter Solutions by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 8,570,699 shares of the company’s stock valued at $235,951,000 after purchasing an additional 156,788 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Perimeter Solutions by 4.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,145,141 shares of the company’s stock valued at $115,188,000 after purchasing an additional 221,290 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Perimeter Solutions by 8.6% in the 1st quarter. Janus Henderson Group PLC now owns 4,007,536 shares of the company’s stock worth $97,863,000 after purchasing an additional 315,763 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Perimeter Solutions by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 3,421,820 shares of the company’s stock worth $94,218,000 after purchasing an additional 122,435 shares during the last quarter. 89.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on PRM. UBS Group raised their price objective on Perimeter Solutions from $30.00 to $34.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings raised shares of Perimeter Solutions from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Zacks Research upgraded shares of Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. Morgan Stanley raised their target price on shares of Perimeter Solutions from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Finally, Wall Street Zen raised Perimeter Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One equities research 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, the company currently has an average rating of “Moderate Buy” and an average target price 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.