Haitham Khouri Sells 80,156 Shares of Perimeter Solutions, SA (NYSE:PRM) Stock

Perimeter Solutions, SA (NYSE:PRM) CEO Haitham Khouri sold 80,156 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $12.16, for a total value of $974,696.96. Following the completion of the sale, the chief executive officer now owns 249,833 shares in the company, valued at $3,037,969.28. This represents a 24.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Haitham Khouri also recently made the following trade(s):

• On Wednesday, November 13th, Haitham Khouri sold 80,000 shares of Perimeter Solutions stock. The shares were sold at an average price of $12.05, for a total value of $964,000.00.

Perimeter Solutions Stock Performance

NYSE PRM opened at $12.16 on Friday. The business’s 50-day moving average price is $12.91 and its 200 day moving average price is $10.19. Perimeter Solutions, SA has a twelve month low of $3.84 and a twelve month high of $14.44. The company has a market capitalization of $1.78 billion, a PE ratio of -10.76 and a beta of 2.02. The company has a current ratio of 3.91, a quick ratio of 1.87 and a debt-to-equity ratio of 0.67.

Perimeter Solutions (NYSE:PRM) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($1.22). The firm had revenue of $288.42 million during the quarter, compared to analysts’ expectations of $265.30 million. Perimeter Solutions had a negative return on equity of 10.08% and a negative net margin of 30.57%. During the same quarter last year, the business earned $0.31 earnings per share. On average, research analysts predict that Perimeter Solutions, SA will post 0.6 earnings per share for the current year.

Hedge Funds Weigh In On Perimeter Solutions

A number of large investors have recently modified their holdings of the company. Barclays PLC raised its holdings in shares of Perimeter Solutions by 305.3% in the 3rd quarter. Barclays PLC now owns 206,967 shares of the company’s stock worth $2,784,000 after purchasing an additional 155,899 shares during the period. Orion Portfolio Solutions LLC purchased a new position in shares of Perimeter Solutions in the 3rd quarter worth about $138,000. Zacks Investment Management raised its holdings in shares of Perimeter Solutions by 4.3% in the 3rd quarter. Zacks Investment Management now owns 309,579 shares of the company’s stock worth $4,164,000 after purchasing an additional 12,860 shares during the period. DF Dent & Co. Inc. raised its holdings in shares of Perimeter Solutions by 27.4% in the 3rd quarter. DF Dent & Co. Inc. now owns 2,341,963 shares of the company’s stock worth $31,499,000 after purchasing an additional 504,146 shares during the period. Finally, Quarry LP acquired a new stake in shares of Perimeter Solutions in the third quarter valued at about $52,000. 89.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PRM. Morgan Stanley increased their target price on Perimeter Solutions from $14.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. UBS Group increased their target price on Perimeter Solutions from $8.75 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, August 16th.

About Perimeter Solutions

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.