Haitham Khouri Sells 80,000 Shares of Perimeter Solutions, SA (NYSE:PRM) Stock

Perimeter Solutions, SA (NYSE:PRM) CEO Haitham Khouri sold 80,000 shares of Perimeter Solutions stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $12.05, for a total value of $964,000.00. Following the transaction, the chief executive officer now owns 429,989 shares in the company, valued at $5,181,367.45. This represents a 15.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Haitham Khouri also recently made the following trade(s):

• On Friday, November 15th, Haitham Khouri sold 80,156 shares of Perimeter Solutions stock. The shares were sold at an average price of $12.16, for a total value of $974,696.96.

Perimeter Solutions Price Performance

Shares of NYSE:PRM opened at $12.16 on Friday. Perimeter Solutions, SA has a fifty-two week low of $3.84 and a fifty-two week high of $14.44. The business has a 50-day moving average of $12.91 and a two-hundred day moving average of $10.19. The stock has a market capitalization of $1.78 billion, a P/E ratio of -10.76 and a beta of 2.02. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 1.87.

Perimeter Solutions (NYSE:PRM) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.61) earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($1.22). Perimeter Solutions had a negative return on equity of 10.08% and a negative net margin of 30.57%. The company had revenue of $288.42 million during the quarter, compared to analyst estimates of $265.30 million. During the same period in the prior year, the firm earned $0.31 EPS. On average, equities research analysts predict that Perimeter Solutions, SA will post 0.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PRM shares. UBS Group lifted their price objective on Perimeter Solutions from $8.75 to $11.00 and gave the company a “neutral” rating in a research report on Friday, August 16th. Morgan Stanley lifted their price objective on Perimeter Solutions from $14.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, September 16th.

Hedge Funds Weigh In On Perimeter Solutions

A number of institutional investors have recently made changes to their positions in PRM. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Perimeter Solutions in the first quarter worth about $423,000. SG Americas Securities LLC bought a new position in shares of Perimeter Solutions in the first quarter worth about $86,000. Oppenheimer Asset Management Inc. increased its stake in shares of Perimeter Solutions by 12.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 44,713 shares of the company’s stock worth $332,000 after purchasing an additional 4,996 shares during the period. Sei Investments Co. increased its stake in shares of Perimeter Solutions by 14.3% in the first quarter. Sei Investments Co. now owns 143,207 shares of the company’s stock worth $1,063,000 after purchasing an additional 17,879 shares during the period. Finally, ProShare Advisors LLC increased its stake in shares of Perimeter Solutions by 7.3% in the first quarter. ProShare Advisors LLC now owns 27,126 shares of the company’s stock worth $201,000 after purchasing an additional 1,851 shares during the period. 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.