Jeffrey Emery Sells 46,500 Shares of Perimeter Solutions (NYSE:PRM) Stock

Perimeter Solutions, SA (NYSE:PRM) insider Jeffrey Emery sold 46,500 shares of Perimeter Solutions stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $32.00, for a total value of $1,488,000.00. Following the completion of the sale, the insider owned 46,500 shares of the company’s stock, valued at approximately $1,488,000. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, May 11th, Jeffrey Emery sold 99,963 shares of Perimeter Solutions stock. The stock was sold at an average price of $32.92, for a total value of $3,290,781.96.

Perimeter Solutions Trading Up 5.7%

Shares of PRM stock opened at $33.94 on Thursday. The company has a market cap of $5.54 billion, a P/E ratio of -25.33 and a beta of 1.93. The stock has a 50 day simple moving average of $26.04 and a two-hundred day simple moving average of $26.51. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.42 and a current ratio of 3.09. Perimeter Solutions, SA has a fifty-two week low of $11.55 and a fifty-two week high of $34.29.

Perimeter Solutions (NYSE:PRM) last issued 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 business had revenue of $125.07 million during 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%. Research analysts forecast that Perimeter Solutions, SA will post 1.91 earnings per share for the current year.

Wall Street Analyst Weigh In

PRM has been the subject of a number of research analyst reports. Weiss Ratings upgraded Perimeter Solutions from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday. Zacks Research upgraded Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. Wall Street Zen upgraded Perimeter Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. UBS Group boosted their price objective on Perimeter Solutions from $30.00 to $34.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Morgan Stanley boosted their price objective on Perimeter Solutions from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Monday. One investment 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

Institutional Investors Weigh In On Perimeter Solutions

Several hedge funds and other institutional investors have recently modified their holdings of PRM. Balance Capital Partners L.P. purchased a new position in shares of Perimeter Solutions during the fourth quarter valued at approximately $69,115,000. Principal Financial Group Inc. boosted its position 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. Janus Henderson Group PLC boosted its position in shares of Perimeter Solutions by 54.9% during the fourth quarter. Janus Henderson Group PLC now owns 3,691,773 shares of the company’s stock valued at $101,634,000 after buying an additional 1,308,602 shares during the last quarter. Invesco Ltd. boosted its position in shares of Perimeter Solutions by 157.3% during the fourth quarter. Invesco Ltd. now owns 1,294,686 shares of the company’s stock valued at $35,643,000 after buying an additional 791,558 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Perimeter Solutions by 50.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,132,167 shares of the company’s stock valued at $47,739,000 after buying an additional 714,816 shares during the last quarter. Institutional investors own 89.93% of the company’s stock.

Perimeter Solutions Company Profile

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.