Perimeter Solutions, SA (NYSE:PRM - Get Free Report) CFO Kyle Sable sold 40,000 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $22.05, for a total transaction of $882,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Perimeter Solutions Price Performance
Perimeter Solutions stock opened at $22.94 on Tuesday. The firm has a market cap of $3.36 billion, a PE ratio of 53.34 and a beta of 2.00. Perimeter Solutions, SA has a 52-week low of $8.76 and a 52-week high of $23.79. The company has a quick ratio of 2.60, a current ratio of 4.04 and a debt-to-equity ratio of 0.57. The company's 50 day moving average is $17.98 and its two-hundred day moving average is $13.43.
Perimeter Solutions (NYSE:PRM - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.11. Perimeter Solutions had a net margin of 13.05% and a negative return on equity of 1.11%. The company had revenue of $162.64 million for the quarter, compared to analyst estimates of $108.91 million. On average, research analysts expect that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
PRM has been the topic of a number of analyst reports. UBS Group raised their price objective on shares of Perimeter Solutions from $15.00 to $20.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Wall Street Zen lowered shares of Perimeter Solutions from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. Finally, Morgan Stanley raised their price objective on shares of Perimeter Solutions from $17.00 to $25.00 and gave the company an "overweight" rating in a report on Monday, August 25th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $22.50.
Get Our Latest Stock Analysis on PRM
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Comerica Bank purchased a new position in shares of Perimeter Solutions in the 4th quarter valued at $38,000. EverSource Wealth Advisors LLC purchased a new position in shares of Perimeter Solutions in the 2nd quarter valued at $42,000. Cullen Frost Bankers Inc. grew its position in shares of Perimeter Solutions by 161.2% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 3,124 shares of the company's stock valued at $43,000 after buying an additional 1,928 shares during the last quarter. AlphaQuest LLC grew its position in shares of Perimeter Solutions by 65.1% in the 2nd quarter. AlphaQuest LLC now owns 8,235 shares of the company's stock valued at $115,000 after buying an additional 3,246 shares during the last quarter. Finally, Harbor Investment Advisory LLC grew its position in shares of Perimeter Solutions by 25.6% in the 1st quarter. Harbor Investment Advisory LLC now owns 9,315 shares of the company's stock valued at $94,000 after buying an additional 1,899 shares during the last quarter. 89.93% of the stock is owned by hedge funds and other institutional investors.
Perimeter Solutions Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
