Perimeter Solutions, SA (NYSE:PRM) Director Vivek Raj Sells 250,000 Shares

Perimeter Solutions, SA (NYSE:PRM) Director Vivek Raj sold 250,000 shares of Perimeter Solutions stock in a transaction on 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 transaction, the director now directly owns 471,226 shares of the company’s stock, valued at $4,321,142.42. The trade was a 34.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Perimeter Solutions Stock Up 2.7 %

Shares of NYSE:PRM opened at $9.27 on Thursday. The company has a market cap of $1.39 billion, a price-to-earnings ratio of -66.17 and a beta of 1.93. Perimeter Solutions, SA has a 12 month low of $6.12 and a 12 month high of $14.44. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67. The company has a 50-day moving average price of $11.44 and a 200 day moving average price of $12.32.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Comerica Bank purchased a new stake in shares of Perimeter Solutions in the fourth quarter valued at $38,000. Quarry LP purchased a new stake in Perimeter Solutions in the 3rd quarter worth about $52,000. McAdam LLC bought a new stake in Perimeter Solutions in the fourth quarter worth about $131,000. Orion Portfolio Solutions LLC purchased a new position in shares of Perimeter Solutions during the third quarter valued at approximately $138,000. Finally, Quantinno Capital Management LP bought a new position in shares of Perimeter Solutions during the fourth quarter valued at approximately $136,000. 89.93% of the stock is owned by hedge funds and other 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.