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

Perimeter Solutions, SA (NYSE:PRM)’s stock price 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 traded.

Specifically, Director Vivek Raj sold 250,000 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $9.17, for a total value of $2,292,500.00. Following the completion of the transaction, the director now owns 471,226 shares of the company’s stock, valued at approximately $4,321,142.42. The trade was a 34.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Perimeter Solutions Trading Down 0.9 %

The stock has a 50-day simple moving average of $11.49 and a two-hundred day simple moving average of $12.34. 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 firm has a market cap of $1.35 billion, a PE ratio of -64.32 and a beta of 1.93.

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

Hedge Funds Weigh In On Perimeter Solutions

Hedge funds have recently bought and sold shares of the business. Comerica Bank purchased a new position in Perimeter Solutions in the 4th quarter worth about $38,000. Quarry LP bought a new stake in shares of Perimeter Solutions during the 3rd quarter valued at about $52,000. McAdam LLC bought a new stake in shares of Perimeter Solutions during the 4th quarter valued at about $131,000. Orion Portfolio Solutions LLC bought a new stake in shares of Perimeter Solutions during the 3rd quarter valued at about $138,000. Finally, Quantinno Capital Management LP bought a new stake in shares of Perimeter Solutions during the 4th quarter valued at about $136,000. Hedge funds and other institutional investors own 89.93% of the company’s stock.

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.