Insider Selling: Perimeter Solutions, SA (NYSE:PRM) Director Sells 250,000 Shares of Stock

Perimeter Solutions, SA (NYSE:PRM) Director Vivek Raj sold 250,000 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $9.17, for a total transaction of $2,292,500.00. Following the completion of the transaction, the director now directly owns 471,226 shares in the company, valued at $4,321,142.42. The trade was a 34.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Perimeter Solutions Trading Down 1.6 %

NYSE PRM opened at $9.08 on Tuesday. The firm’s 50-day moving average is $11.55 and its two-hundred day moving average is $12.36. Perimeter Solutions, SA has a 12 month low of $6.01 and a 12 month high of $14.44. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95. The stock has a market capitalization of $1.36 billion, a P/E ratio of -64.82 and a beta of 1.93.

Perimeter Solutions (NYSE:PRM) last posted its earnings results on Thursday, February 20th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.21. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. The company had revenue of $86.23 million for the quarter, compared to analysts’ expectations of $77.01 million. On average, sell-side analysts anticipate that Perimeter Solutions, SA will post 0.71 earnings per share for the current year.

Institutional Trading of Perimeter Solutions

Several hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. lifted its position in shares of Perimeter Solutions by 1.5% during the fourth quarter. Principal Financial Group Inc. now owns 10,694,289 shares of the company’s stock worth $136,673,000 after purchasing an additional 160,564 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Perimeter Solutions by 136.8% during the fourth quarter. Vanguard Group Inc. now owns 8,211,593 shares of the company’s stock worth $104,944,000 after purchasing an additional 4,744,069 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Perimeter Solutions by 19.9% during the fourth quarter. JPMorgan Chase & Co. now owns 5,856,611 shares of the company’s stock worth $74,847,000 after purchasing an additional 971,623 shares in the last quarter. Corient Private Wealth LLC acquired a new stake in shares of Perimeter Solutions during the fourth quarter worth about $41,780,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Perimeter Solutions by 22.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,113,380 shares of the company’s stock worth $39,789,000 after purchasing an additional 579,987 shares in the last quarter. Institutional investors and hedge funds own 89.93% of the company’s stock.

Perimeter Solutions Company Profile

Perimeter Solutions, SA manufactures and supplies firefighting products and lubricant additives in the United States, Germany, and internationally. It operates in two segments, Fire Safety and Specialty Products. The Fire Safety segment provides fire retardants and firefighting foams, as well as specialized equipment and services for federal, state, provincial, local/municipal, and commercial customers.