Insider Selling: Perimeter Solutions, SA (NYSE:PRM) CEO Sells 80,000 Shares of Stock

Perimeter Solutions, SA (NYSE:PRM) CEO Haitham Khouri sold 80,000 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $12.05, for a total transaction of $964,000.00. Following the sale, the chief executive officer now directly owns 429,989 shares of the company’s stock, valued at approximately $5,181,367.45. The trade was a 15.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Friday, November 15th, Haitham Khouri sold 80,156 shares of Perimeter Solutions stock. The shares were sold at an average price of $12.16, for a total value of $974,696.96.

Perimeter Solutions Stock Performance

Shares of NYSE PRM opened at $12.16 on Friday. The company has a 50 day simple moving average of $12.91 and a two-hundred day simple moving average of $10.16. The stock has a market cap of $1.78 billion, a price-to-earnings 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, SA has a 12 month low of $3.84 and a 12 month high of $14.44.

Hedge Funds Weigh In On Perimeter Solutions

Institutional investors have recently modified their holdings of the stock. DF Dent & Co. Inc. grew its holdings in Perimeter Solutions by 27.4% during the third quarter. DF Dent & Co. Inc. now owns 2,341,963 shares of the company’s stock worth $31,499,000 after acquiring an additional 504,146 shares during the period. Senator Investment Group LP boosted its stake in shares of Perimeter Solutions by 0.5% during the 2nd quarter. Senator Investment Group LP now owns 2,125,000 shares of the company’s stock worth $16,639,000 after acquiring an additional 10,700 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Perimeter Solutions by 59.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,878,518 shares of the company’s stock valued at $14,708,000 after acquiring an additional 698,622 shares during the period. Pennant Select LLC increased its stake in shares of Perimeter Solutions by 41.6% in the 3rd quarter. Pennant Select LLC now owns 814,000 shares of the company’s stock valued at $10,948,000 after purchasing an additional 239,000 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Perimeter Solutions by 4.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 509,868 shares of the company’s stock worth $3,992,000 after buying an additional 21,012 shares during the period. Hedge funds and other institutional investors own 89.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Morgan Stanley boosted their price target on Perimeter Solutions from $14.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. UBS Group upped their target price on Perimeter Solutions from $8.75 to $11.00 and gave the company a “neutral” rating in a research report on Friday, August 16th.

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.