Key Points
- Perimeter Solutions CFO Kyle Sable sold 49,540 shares on May 13 at an average price of $33.09, totaling about $1.64 million. The sale cut his direct holdings by 50%.
- Sable has been actively selling shares over several days, including a 150,000-share sale on May 8 and additional sales on May 11 and May 12.
- The company recently beat quarterly earnings and revenue estimates, reporting EPS of $0.06 versus $0.02 expected and revenue of $125.07 million. Analysts currently rate the stock a Moderate Buy with a consensus target price of $37.00.
Perimeter Solutions, SA (NYSE:PRM - Get Free Report) CFO Kyle Sable sold 49,540 shares of the firm's stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $33.09, for a total transaction of $1,639,278.60. Following the transaction, the chief financial officer directly owned 49,540 shares of the company's stock, valued at $1,639,278.60. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Kyle Sable also recently made the following trade(s):
- On Friday, May 8th, Kyle Sable sold 150,000 shares of Perimeter Solutions stock. The stock was sold at an average price of $31.52, for a total value of $4,728,000.00.
- On Monday, May 11th, Kyle Sable sold 20,460 shares of Perimeter Solutions stock. The shares were sold at an average price of $32.89, for a total value of $672,929.40.
- On Tuesday, May 12th, Kyle Sable sold 30,000 shares of Perimeter Solutions stock. The shares were sold at an average price of $31.75, for a total value of $952,500.00.
Perimeter Solutions Stock Down 2.3%
PRM stock opened at $33.21 on Friday. Perimeter Solutions, SA has a twelve month low of $11.55 and a twelve month high of $34.89. The company has a quick ratio of 2.42, a current ratio of 3.09 and a debt-to-equity ratio of 1.01. The firm has a market cap of $5.42 billion, a PE ratio of -24.78 and a beta of 1.93. The business has a 50 day moving average of $26.41 and a 200 day moving average of $26.64.
Perimeter Solutions (NYSE:PRM - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.04. Perimeter Solutions had a positive return on equity of 18.29% and a negative net margin of 26.93%.The company had revenue of $125.07 million during the quarter, compared to analyst estimates of $121.80 million. On average, research analysts forecast that Perimeter Solutions, SA will post 1.91 EPS for the current fiscal year.
Hedge Funds Weigh In On Perimeter Solutions
Hedge funds have recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Perimeter Solutions by 239.0% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 54,900 shares of the company's stock worth $1,524,000 after acquiring an additional 38,703 shares during the last quarter. Tudor Investment Corp ET AL grew its position in Perimeter Solutions by 395.5% in the 3rd quarter. Tudor Investment Corp ET AL now owns 144,893 shares of the company's stock worth $3,244,000 after purchasing an additional 115,653 shares during the period. Nordea Investment Management AB grew its position in Perimeter Solutions by 3.2% in the 3rd quarter. Nordea Investment Management AB now owns 555,662 shares of the company's stock worth $12,102,000 after purchasing an additional 17,295 shares during the period. Federated Hermes Inc. grew its position in Perimeter Solutions by 52,387.7% in the 3rd quarter. Federated Hermes Inc. now owns 298,130 shares of the company's stock worth $6,675,000 after purchasing an additional 297,562 shares during the period. Finally, SG Americas Securities LLC grew its position in Perimeter Solutions by 197.2% in the 4th quarter. SG Americas Securities LLC now owns 230,940 shares of the company's stock worth $6,358,000 after purchasing an additional 153,228 shares during the period. 89.93% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
PRM has been the subject of a number of analyst reports. UBS Group raised their price objective on Perimeter Solutions from $30.00 to $34.00 and gave the company a "buy" rating in a research report on Thursday, May 7th. Wall Street Zen raised shares of Perimeter Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, May 9th. Weiss Ratings upgraded shares of Perimeter Solutions from a "sell (d-)" rating to a "sell (d)" rating in a report on Monday. Morgan Stanley boosted their price objective on shares of Perimeter Solutions from $35.00 to $40.00 and gave the stock an "overweight" rating in a report on Monday. Finally, Zacks Research upgraded shares of Perimeter Solutions from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $37.00.
Check Out Our Latest Stock Analysis on Perimeter Solutions
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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