Perimeter Solutions (NYSE:PRM) Shares Gap Down on Insider Selling

Shares of Perimeter Solutions, SA (NYSE:PRM) gapped down prior to trading on Monday following insider selling activity. The stock had previously closed at $9.22, but opened at $9.00. Perimeter Solutions shares last traded at $9.02, with a volume of 39,826 shares.

Specifically, Director Vivek Raj sold 250,000 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 471,226 shares in the company, valued at $4,321,142.42. This represents a 34.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Perimeter Solutions Stock Performance

The firm has a market cap of $1.35 billion, a P/E ratio of -64.32 and a beta of 1.93. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.95 and a current ratio of 3.91. The business’s 50-day simple moving average is $11.49 and its 200 day simple moving average is $12.34.

Perimeter Solutions (NYSE:PRM) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $77.01 million. As a group, equities analysts predict that Perimeter Solutions, SA will post 0.71 earnings per share for the current year.

Hedge Funds Weigh In On Perimeter Solutions

A number of institutional investors have recently bought and sold shares of PRM. Vanguard Group Inc. raised its position in shares of Perimeter Solutions by 136.8% during the 4th quarter. Vanguard Group Inc. now owns 8,211,593 shares of the company’s stock valued at $104,944,000 after purchasing an additional 4,744,069 shares during the period. Corient Private Wealth LLC purchased a new position in Perimeter Solutions in the fourth quarter worth about $41,780,000. JPMorgan Chase & Co. increased its stake in 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 acquiring an additional 971,623 shares during the last quarter. Bessemer Group Inc. raised its position in Perimeter Solutions by 10,103.3% during the fourth quarter. Bessemer Group Inc. now owns 923,811 shares of the company’s stock valued at $11,806,000 after purchasing an additional 914,757 shares during the period. Finally, Catawba River Capital bought a new stake in shares of Perimeter Solutions in the 4th quarter valued at approximately $7,658,000. 89.93% of the stock is owned by institutional investors.

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.