Perimeter Solutions (NYSE:PRM) CEO Haitham Khouri Sells 91,724 Shares

Perimeter Solutions, SA (NYSE:PRM) CEO Haitham Khouri sold 91,724 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $31.91, for a total value of $2,926,912.84. Following the completion of the transaction, the chief executive officer directly owned 1,992,126 shares of the company’s stock, valued at $63,568,740.66. This trade represents a 4.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 value of $3,665,168.09.
• On Wednesday, May 20th, Haitham Khouri sold 20,300 shares of Perimeter Solutions stock. The stock was sold at an average price of $34.09, for a total value of $692,027.00.

Perimeter Solutions Stock Performance

Shares of PRM stock opened at $31.15 on Friday. Perimeter Solutions, SA has a 12-month low of $11.58 and a 12-month high of $34.89. The firm has a market capitalization of $5.08 billion, a price-to-earnings ratio of -23.24 and a beta of 1.93. The business has a 50 day simple moving average of $27.31 and a 200 day simple moving average of $26.99. 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 (NYSE:PRM) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. Perimeter Solutions had a positive return on equity of 18.29% and a negative net margin of 26.93%.The business had revenue of $125.07 million during the quarter, compared to analyst estimates of $121.80 million. On average, equities research analysts anticipate that Perimeter Solutions, SA will post 1.91 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PRM shares. UBS Group lifted their price target on Perimeter Solutions from $30.00 to $34.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Morgan Stanley lifted their price target on Perimeter Solutions from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Zacks Research upgraded Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. Wall Street Zen upgraded Perimeter Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings upgraded Perimeter Solutions from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

Hedge Funds Weigh In On Perimeter Solutions

Hedge funds have recently modified their holdings of the company. Abacus Wealth Partners LLC bought a new stake in shares of Perimeter Solutions during the 4th quarter worth $523,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Perimeter Solutions by 239.0% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 54,900 shares of the company’s stock worth $1,524,000 after acquiring an additional 38,703 shares in the last quarter. Tudor Investment Corp ET AL boosted its stake in shares of Perimeter Solutions by 395.5% during the 3rd quarter. Tudor Investment Corp ET AL now owns 144,893 shares of the company’s stock worth $3,244,000 after acquiring an additional 115,653 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of Perimeter Solutions by 52,387.7% during the 3rd quarter. Federated Hermes Inc. now owns 298,130 shares of the company’s stock worth $6,675,000 after acquiring an additional 297,562 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Perimeter Solutions by 197.2% during the 4th quarter. SG Americas Securities LLC now owns 230,940 shares of the company’s stock worth $6,358,000 after acquiring an additional 153,228 shares in the last quarter. 89.93% of the stock is currently owned by institutional investors and hedge funds.

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.