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 Perimeter Solutions 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Perimeter Solutions Trading Down 0.9 %

Shares of Perimeter Solutions stock opened at $9.01 on Wednesday. Perimeter Solutions, SA has a 1 year low of $6.03 and a 1 year high of $14.44. The firm has a market cap of $1.35 billion, a PE ratio of -64.32 and a beta of 1.93. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95. The company has a 50 day simple moving average of $11.49 and a two-hundred day simple moving average of $12.34.

Perimeter Solutions (NYSE:PRM) last announced its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate 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. Analysts expect that Perimeter Solutions, SA will post 0.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Perimeter Solutions

A number of hedge funds have recently made changes to their positions in PRM. Comerica Bank bought a new stake in shares of Perimeter Solutions in the 4th quarter worth approximately $38,000. Quarry LP bought a new stake in shares of Perimeter Solutions in the 3rd quarter worth approximately $52,000. McAdam LLC bought a new stake in shares of Perimeter Solutions in the 4th quarter worth approximately $131,000. Tower Research Capital LLC TRC lifted its holdings in shares of Perimeter Solutions by 90.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,665 shares of the company’s stock worth $136,000 after acquiring an additional 5,054 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new stake in shares of Perimeter Solutions in the 4th quarter worth approximately $136,000. 89.93% of the stock is currently 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.