Key Points
- Perimeter Solutions CEO Haitham Khouri sold 91,724 shares on May 21 at an average price of $31.91, totaling about $2.93 million. After the sale, he still held about 1.99 million shares, reducing his stake by 4.4%.
- Khouri also disclosed two additional recent sales: 117,511 shares on May 22 and 20,300 shares on May 20, adding to the insider selling activity around the stock.
- The company recently reported better-than-expected quarterly results, with EPS of $0.06 versus $0.02 expected and revenue of $125.07 million above estimates. Analysts currently rate PRM a Moderate Buy with an average price target of $37.00.
Perimeter Solutions, SA (NYSE:PRM - Get Free Report) CEO Haitham Khouri sold 20,300 shares of the firm's stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $34.09, for a total transaction of $692,027.00. Following the sale, the chief executive officer directly owned 2,083,850 shares in the company, valued at approximately $71,038,446.50. The trade was a 0.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Haitham Khouri also recently made the following trade(s):
- On Friday, May 22nd, Haitham Khouri sold 117,511 shares of Perimeter Solutions stock. The stock was sold at an average price of $31.19, for a total transaction of $3,665,168.09.
- On Thursday, May 21st, Haitham Khouri sold 91,724 shares of Perimeter Solutions stock. The shares were sold at an average price of $31.91, for a total transaction of $2,926,912.84.
Perimeter Solutions Stock Down 0.8%
Shares of Perimeter Solutions stock opened at $31.15 on Friday. Perimeter Solutions, SA has a twelve month low of $11.58 and a twelve month high of $34.89. The company has a quick ratio of 1.61, a current ratio of 3.09 and a debt-to-equity ratio of 1.01. The company's 50 day moving average is $27.31 and its 200 day moving average is $26.99. The company has a market cap of $5.08 billion, a price-to-earnings ratio of -23.24 and a beta of 1.93.
Perimeter Solutions (NYSE:PRM - Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.04. The business had revenue of $125.07 million during the quarter, compared to the consensus estimate of $121.80 million. Perimeter Solutions had a negative net margin of 26.93% and a positive return on equity of 18.29%. Research analysts anticipate that Perimeter Solutions, SA will post 1.91 EPS for the current year.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the company. UBS Group lifted their price objective on Perimeter Solutions from $30.00 to $34.00 and gave the stock a "buy" rating in a report on Thursday, May 7th. Zacks Research raised Perimeter Solutions from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 14th. Morgan Stanley boosted their price target on Perimeter Solutions from $35.00 to $40.00 and gave the company an "overweight" rating in a research note on Monday, May 11th. Weiss Ratings raised shares of Perimeter Solutions from a "sell (d-)" rating to a "sell (d)" rating in a research report on Monday, May 11th. Finally, Wall Street Zen raised shares of Perimeter Solutions from a "hold" rating to a "buy" rating in a report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.00.
Get Our Latest Stock Report on PRM
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. Arax Advisory Partners grew its stake in shares of Perimeter Solutions by 122.8% during the 4th quarter. Arax Advisory Partners now owns 1,047 shares of the company's stock valued at $29,000 after acquiring an additional 577 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Perimeter Solutions by 51.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,143 shares of the company's stock worth $31,000 after acquiring an additional 389 shares during the period. Jones Financial Companies Lllp purchased a new position in Perimeter Solutions during the third quarter valued at approximately $27,000. EverSource Wealth Advisors LLC boosted its position in shares of Perimeter Solutions by 20.0% in the first quarter. EverSource Wealth Advisors LLC now owns 2,295 shares of the company's stock worth $56,000 after purchasing an additional 383 shares during the period. Finally, Larson Financial Group LLC increased its stake in shares of Perimeter Solutions by 55.7% in the fourth quarter. Larson Financial Group LLC now owns 2,514 shares of the company's stock worth $69,000 after purchasing an additional 899 shares in the last quarter. 89.93% of the stock is owned by hedge funds and other institutional investors.
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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