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

Perimeter Solutions, SA (NYSE:PRM) CEO Haitham Khouri sold 20,300 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $34.09, for a total transaction of $692,027.00. Following the transaction, the chief executive officer owned 2,083,850 shares of the company’s stock, valued at $71,038,446.50. This trade represents a 0.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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 Trading Down 0.8%

Shares of Perimeter Solutions stock traded down $0.26 during trading on Friday, hitting $31.15. The stock had a trading volume of 1,266,852 shares, compared to its average volume of 1,124,907. The firm’s fifty day simple moving average is $27.15 and its 200-day simple moving average is $26.96. The stock has a market cap of $5.08 billion, a PE ratio of -23.24 and a beta of 1.93. The company has a debt-to-equity ratio of 1.01, a current ratio of 3.09 and a quick ratio of 1.61. Perimeter Solutions, SA has a 12 month low of $11.58 and a 12 month high of $34.89.

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

Institutional Investors Weigh In On Perimeter Solutions

Several large investors have recently modified their holdings of the business. Bank of America Corp DE raised its holdings in shares of Perimeter Solutions by 4.8% in the 1st quarter. Bank of America Corp DE now owns 1,738,095 shares of the company’s stock valued at $42,444,000 after purchasing an additional 79,083 shares in the last quarter. Janus Henderson Group PLC raised 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 valued at $97,863,000 after purchasing an additional 315,763 shares in the last quarter. Amundi bought a new stake in shares of Perimeter Solutions in the 1st quarter valued at about $482,000. EverSource Wealth Advisors LLC raised its holdings in shares of Perimeter Solutions by 20.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,295 shares of the company’s stock valued at $56,000 after purchasing an additional 383 shares in the last quarter. Finally, California State Teachers Retirement System raised its holdings in shares of Perimeter Solutions by 24.2% in the 1st quarter. California State Teachers Retirement System now owns 164,346 shares of the company’s stock valued at $4,013,000 after purchasing an additional 32,073 shares in the last quarter. Institutional investors own 89.93% of the company’s stock.

Wall Street Analysts Forecast Growth

PRM has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Perimeter Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Morgan Stanley lifted their price objective on shares of Perimeter Solutions from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Weiss Ratings upgraded shares of Perimeter Solutions from a “sell (d-)” rating to a “sell (d)” 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 report on Tuesday, April 14th. Finally, UBS Group lifted their price objective on shares of Perimeter Solutions from $30.00 to $34.00 and gave the company a “buy” rating in a report on Thursday, May 7th. One equities research 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.

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.