Tracy Britt Cool Sells 50,000 Shares of Perimeter Solutions, SA (NYSE:PRM) Stock

Perimeter Solutions, SA (NYSE:PRM) Director Tracy Britt Cool sold 50,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $12.81, for a total transaction of $640,500.00. Following the transaction, the director now owns 173,449 shares of the company’s stock, valued at $2,221,881.69. This trade represents a 22.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Perimeter Solutions Price Performance

PRM opened at $12.60 on Thursday. The company’s 50 day simple moving average is $13.10 and its 200 day simple moving average is $10.49. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.95 and a current ratio of 3.91. Perimeter Solutions, SA has a 1 year low of $3.84 and a 1 year high of $14.44. The stock has a market capitalization of $1.84 billion, a PE ratio of -11.15 and a beta of 2.02.

Perimeter Solutions (NYSE:PRM) last released its earnings results on Tuesday, November 12th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business posted $0.31 earnings per share. As a group, sell-side analysts expect that Perimeter Solutions, SA will post 0.62 EPS for the current year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Perimeter Solutions

Several hedge funds have recently modified their holdings of PRM. Quarry LP acquired a new position in Perimeter Solutions during the third quarter valued at approximately $52,000. Lazard Asset Management LLC acquired a new position in Perimeter Solutions during the first quarter valued at approximately $78,000. SG Americas Securities LLC acquired a new position in Perimeter Solutions during the first quarter valued at approximately $86,000. Paloma Partners Management Co acquired a new position in Perimeter Solutions during the first quarter valued at approximately $87,000. Finally, Versor Investments LP acquired a new position in Perimeter Solutions during the second quarter valued at approximately $102,000. 89.93% of the stock is owned by institutional investors and hedge funds.

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.