Perimeter Solutions (NYSE:PRM) Shares Gap Down After Insider Selling

Perimeter Solutions, SA (NYSE:PRM)’s stock price gapped down prior to trading on Monday after an insider sold shares in the company. The stock had previously closed at $9.22, but opened at $9.00. Perimeter Solutions shares last traded at $9.02, with a volume of 39,826 shares.

Specifically, Director Vivek Raj sold 250,000 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $9.17, for a total transaction of $2,292,500.00. Following the completion of the sale, the director now directly owns 471,226 shares in the company, valued at $4,321,142.42. The trade was a 34.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Perimeter Solutions Trading Down 0.9 %

The stock has a 50 day simple moving average of $11.49 and a 200-day simple moving average of $12.34. The firm has a market capitalization of $1.35 billion, a P/E ratio of -64.32 and a beta of 1.93. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67.

Perimeter Solutions (NYSE:PRM) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.21. The company had revenue of $86.23 million during the quarter, compared to the consensus estimate of $77.01 million. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. On average, equities research analysts forecast that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Perimeter Solutions by 25.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 313,239 shares of the company’s stock valued at $4,003,000 after acquiring an additional 63,919 shares during the period. Voloridge Investment Management LLC grew its stake in shares of Perimeter Solutions by 26.6% during the 4th quarter. Voloridge Investment Management LLC now owns 174,651 shares of the company’s stock valued at $2,232,000 after acquiring an additional 36,652 shares during the period. Squarepoint Ops LLC bought a new position in shares of Perimeter Solutions during the 4th quarter valued at approximately $1,911,000. Two Sigma Advisers LP bought a new position in shares of Perimeter Solutions during the 4th quarter valued at approximately $258,000. Finally, State of Wyoming grew its stake in shares of Perimeter Solutions by 241.6% during the 4th quarter. State of Wyoming now owns 34,827 shares of the company’s stock valued at $445,000 after acquiring an additional 24,632 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.