Key Points
- Director William Thorndike, Jr. sold 100,000 shares on March 5 at an average price of $24.06 for a total of $2,406,000, trimming his stake by 1.10% to 8,960,656 shares (≈$215.6M).
- Perimeter beat expectations for the quarter with EPS of $0.13 vs. $0.09 and revenue of $102.75M vs. $94.05M, but still reported a negative net margin of 31.61%; the company has a $3.51B market cap and a 52‑week range of $8.76–$29.88.
- Institutional investors own about 89.93% of the stock, and analysts hold a consensus "Hold" rating with a $30.50 price target amid mixed individual actions (e.g., Morgan Stanley $35 target, UBS cut to $26, Weiss downgraded to Sell).
Perimeter Solutions, SA (NYSE:PRM - Get Free Report) Director William Thorndike, Jr. sold 100,000 shares of Perimeter Solutions stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $24.06, for a total value of $2,406,000.00. Following the transaction, the director directly owned 8,960,656 shares in the company, valued at approximately $215,593,383.36. This trade represents a 1.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Perimeter Solutions Price Performance
NYSE PRM opened at $23.49 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.22 and a quick ratio of 1.72. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of -16.54 and a beta of 1.98. The company has a 50 day simple moving average of $26.88 and a 200-day simple moving average of $25.02. Perimeter Solutions, SA has a 52-week low of $8.76 and a 52-week high of $29.88.
Perimeter Solutions (NYSE:PRM - Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.04. Perimeter Solutions had a negative net margin of 31.61% and a positive return on equity of 17.82%. The firm had revenue of $102.75 million for the quarter, compared to analyst estimates of $94.05 million. Equities research analysts predict that Perimeter Solutions, SA will post 0.71 earnings per share for the current fiscal year.
Institutional Trading of Perimeter Solutions
Large investors have recently made changes to their positions in the stock. Comerica Bank increased its holdings in shares of Perimeter Solutions by 45.0% during the 1st quarter. Comerica Bank now owns 4,267 shares of the company's stock valued at $43,000 after acquiring an additional 1,324 shares during the last quarter. Royal Bank of Canada boosted its position in Perimeter Solutions by 100.0% during the first quarter. Royal Bank of Canada now owns 80,608 shares of the company's stock worth $812,000 after purchasing an additional 40,294 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Perimeter Solutions by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,546 shares of the company's stock valued at $801,000 after purchasing an additional 3,428 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Perimeter Solutions by 4.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 328,188 shares of the company's stock valued at $3,305,000 after purchasing an additional 14,949 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Perimeter Solutions by 17.2% in the second quarter. Envestnet Asset Management Inc. now owns 248,861 shares of the company's stock valued at $3,464,000 after purchasing an additional 36,595 shares during the period. Institutional investors own 89.93% of the company's stock.
Analyst Ratings Changes
Several research analysts have weighed in on the company. Morgan Stanley set a $35.00 target price on Perimeter Solutions in a research report on Monday, December 15th. UBS Group lowered their price target on Perimeter Solutions from $31.00 to $26.00 and set a "neutral" rating for the company in a research note on Wednesday. Zacks Research downgraded Perimeter Solutions from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 17th. Finally, Weiss Ratings cut shares of Perimeter Solutions from a "hold (c-)" rating to a "sell (d-)" rating in a research note on Monday. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $30.50.
Read Our Latest Report on PRM
About Perimeter Solutions
(
Get Free Report)
Perimeter Solutions Ltd. (NYSE: PRM) is a global specialty chemicals company focused on delivering performance-driven solutions for the oil and gas, coatings, plastics, water treatment and packaging markets. Established as an independent publicly traded company in December 2019 following its spin-off from NewMarket Corporation, Perimeter Solutions has positioned itself as a leading provider of highly engineered chemical products designed to optimize upstream oil recovery, protect infrastructure and enhance the performance of industrial processes.
The company's core product portfolio spans several key segments.
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