Kyle Sable Sells 100,000 Shares of Perimeter Solutions (NYSE:PRM) Stock

Perimeter Solutions, SA (NYSE:PRM) CFO Kyle Sable sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $28.47, for a total value of $2,847,000.00. The sale was disclosed in a filing with the SEC, which is available at this link.

Perimeter Solutions Price Performance

Shares of PRM opened at $27.61 on Thursday. The company has a current ratio of 2.22, a quick ratio of 1.72 and a debt-to-equity ratio of 0.61. The company’s fifty day simple moving average is $25.19 and its 200 day simple moving average is $20.43. Perimeter Solutions, SA has a 1-year low of $8.76 and a 1-year high of $29.78. The company has a market cap of $4.08 billion, a price-to-earnings ratio of 65.74 and a beta of 1.96.

Perimeter Solutions (NYSE:PRM) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.14. The company had revenue of $315.44 million during the quarter, compared to the consensus estimate of $238.27 million. Perimeter Solutions had a net margin of 12.26% and a return on equity of 17.33%. On average, research analysts forecast that Perimeter Solutions, SA will post 0.71 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Perimeter Solutions

A number of large investors have recently made changes to their positions in PRM. Jones Financial Companies Lllp bought a new stake in Perimeter Solutions in the 3rd quarter valued at $27,000. Brown Lisle Cummings Inc. acquired a new stake in shares of Perimeter Solutions during the third quarter worth $45,000. TD Private Client Wealth LLC lifted its holdings in shares of Perimeter Solutions by 1,450.0% during the third quarter. TD Private Client Wealth LLC now owns 2,108 shares of the company’s stock worth $47,000 after buying an additional 1,972 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of Perimeter Solutions in the second quarter valued at about $42,000. Finally, Cullen Frost Bankers Inc. boosted its position in shares of Perimeter Solutions by 161.2% in the second quarter. Cullen Frost Bankers Inc. now owns 3,124 shares of the company’s stock valued at $43,000 after acquiring an additional 1,928 shares during the period. Institutional investors own 89.93% of the company’s stock.

Analysts Set New Price Targets

PRM has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Perimeter Solutions in a research report on Wednesday, October 8th. Morgan Stanley set a $35.00 target price on Perimeter Solutions in a research note on Monday. Zacks Research raised Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. Finally, UBS Group raised their price target on Perimeter Solutions from $21.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Perimeter Solutions currently has a consensus rating of “Buy” and a consensus price target of $30.00.

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.