Perimeter Solutions, SA (NYSE:PRM) Director Sells $2,292,500.00 in Stock

Perimeter Solutions, SA (NYSE:PRM) Director Vivek Raj sold 250,000 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were 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 in the company, valued at $4,321,142.42. The trade was a 34.66 % 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.

Perimeter Solutions Stock Performance

NYSE:PRM opened at $9.27 on Thursday. The stock has a 50-day moving average price of $11.44 and a 200 day moving average price of $12.32. The stock has a market capitalization of $1.39 billion, a P/E ratio of -66.17 and a beta of 1.93. Perimeter Solutions, SA has a 12-month low of $6.12 and a 12-month high of $14.44. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67.

Perimeter Solutions (NYSE:PRM) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.11 earnings per share (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 business had revenue of $86.23 million during the quarter, compared to analyst estimates of $77.01 million. Equities research analysts forecast that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal year.

Hedge Funds Weigh In On Perimeter Solutions

Several institutional investors have recently bought and sold shares of the stock. Comerica Bank purchased a new stake in Perimeter Solutions in the 4th quarter worth $38,000. Quarry LP bought a new stake in shares of Perimeter Solutions in the third quarter worth about $52,000. McAdam LLC purchased a new stake in shares of Perimeter Solutions in the fourth quarter worth about $131,000. Tower Research Capital LLC TRC boosted its stake in Perimeter Solutions by 90.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,665 shares of the company’s stock valued at $136,000 after buying an additional 5,054 shares during the last quarter. Finally, Quantinno Capital Management LP purchased a new position in Perimeter Solutions during the 4th quarter valued at approximately $136,000. 89.93% of the stock is owned by hedge funds and other institutional investors.

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.