Perimeter Solutions Sees Unusually Large Options Volume (NYSE:PRM)

Perimeter Solutions, SA (NYSE:PRM) was the recipient of unusually large options trading activity on Tuesday. Stock traders bought 2,652 call options on the company. This is an increase of 261% compared to the typical volume of 734 call options.

Insider Activity at Perimeter Solutions

In related news, CFO Kyle Sable sold 100,000 shares of Perimeter Solutions stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $28.47, for a total transaction of $2,847,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Perimeter Solutions

A number of institutional investors have recently added to or reduced their stakes in PRM. Tudor Investment Corp ET AL increased its stake in shares of Perimeter Solutions by 395.5% in the third quarter. Tudor Investment Corp ET AL now owns 144,893 shares of the company’s stock valued at $3,244,000 after buying an additional 115,653 shares during the period. Cambria Investment Management L.P. grew its holdings in Perimeter Solutions by 25.0% during the 3rd quarter. Cambria Investment Management L.P. now owns 60,959 shares of the company’s stock worth $1,365,000 after acquiring an additional 12,186 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in Perimeter Solutions by 416.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 7,750 shares of the company’s stock worth $174,000 after acquiring an additional 6,250 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in Perimeter Solutions in the 3rd quarter valued at approximately $332,000. Finally, XTX Topco Ltd bought a new position in shares of Perimeter Solutions during the third quarter valued at $1,164,000. 89.93% of the stock is currently owned by institutional investors and hedge funds.

Perimeter Solutions Stock Down 1.4%

NYSE PRM opened at $27.61 on Thursday. The business has a fifty day moving average price of $25.19 and a two-hundred day moving average price of $20.43. The stock has a market capitalization of $4.08 billion, a PE ratio of 65.74 and a beta of 1.96. Perimeter Solutions has a fifty-two week low of $8.76 and a fifty-two week high of $29.78. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.22 and a quick ratio of 1.72.

Perimeter Solutions (NYSE:PRM) last released its earnings results on Thursday, October 30th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.14. The firm had revenue of $315.44 million for the quarter, compared to analysts’ expectations of $238.27 million. Perimeter Solutions had a return on equity of 17.33% and a net margin of 12.26%. Equities analysts expect that Perimeter Solutions will post 0.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PRM. Zacks Research upgraded shares of Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. UBS Group raised their price objective on Perimeter Solutions from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Perimeter Solutions in a research report on Wednesday, October 8th. Finally, Morgan Stanley set a $35.00 target price on Perimeter Solutions in a report on Monday. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $30.00.

About Perimeter Solutions

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.