Haitham Khouri Sells 117,511 Shares of Perimeter Solutions (NYSE:PRM) Stock

Perimeter Solutions, SA (NYSE:PRM) CEO Haitham Khouri sold 117,511 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $31.19, for a total value of $3,665,168.09. Following the completion of the transaction, the chief executive officer directly owned 1,874,615 shares in the company, valued at approximately $58,469,241.85. This represents a 5.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Haitham Khouri also recently made the following trade(s):

• On Thursday, May 21st, Haitham Khouri sold 91,724 shares of Perimeter Solutions stock. The stock was sold at an average price of $31.91, for a total value of $2,926,912.84.
• On Wednesday, May 20th, Haitham Khouri sold 20,300 shares of Perimeter Solutions stock. The stock was sold at an average price of $34.09, for a total value of $692,027.00.

Perimeter Solutions Stock Down 0.8%

PRM stock opened at $31.15 on Friday. The stock’s fifty day simple moving average is $27.31 and its two-hundred day simple moving average is $26.99. The company has a current ratio of 3.09, a quick ratio of 1.61 and a debt-to-equity ratio of 1.01. Perimeter Solutions, SA has a 1-year low of $11.58 and a 1-year high of $34.89. The stock has a market cap of $5.08 billion, a P/E ratio of -23.24 and a beta of 1.93.

Perimeter Solutions (NYSE:PRM) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.04. Perimeter Solutions had a positive return on equity of 18.29% and a negative net margin of 26.93%.The business had revenue of $125.07 million for the quarter, compared to analysts’ expectations of $121.80 million. Analysts expect that Perimeter Solutions, SA will post 1.91 EPS for the current year.

Institutional Trading of Perimeter Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Abacus Wealth Partners LLC bought a new stake in shares of Perimeter Solutions during the 4th quarter valued at $523,000. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Perimeter Solutions by 239.0% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 54,900 shares of the company’s stock valued at $1,524,000 after purchasing an additional 38,703 shares during the period. Tudor Investment Corp ET AL raised its stake in shares of Perimeter Solutions by 395.5% during the 3rd quarter. Tudor Investment Corp ET AL now owns 144,893 shares of the company’s stock valued at $3,244,000 after purchasing an additional 115,653 shares during the period. Federated Hermes Inc. raised its stake in shares of Perimeter Solutions by 52,387.7% during the 3rd quarter. Federated Hermes Inc. now owns 298,130 shares of the company’s stock valued at $6,675,000 after purchasing an additional 297,562 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of Perimeter Solutions by 197.2% during the 4th quarter. SG Americas Securities LLC now owns 230,940 shares of the company’s stock valued at $6,358,000 after purchasing an additional 153,228 shares during the period. 89.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on PRM shares. Morgan Stanley upped their price target on Perimeter Solutions from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Weiss Ratings raised Perimeter Solutions from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Wall Street Zen raised Perimeter Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Zacks Research raised Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. Finally, UBS Group upped their price target on Perimeter Solutions from $30.00 to $34.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $37.00.

About Perimeter Solutions

Perimeter Solutions Ltd. (NYSE: PRM) is a global specialty chemicals company focused on delivering performance-driven solutions for the oil and gas, coatings, plastics, water treatment and packaging markets. Established as an independent publicly traded company in December 2019 following its spin-off from NewMarket Corporation, Perimeter Solutions has positioned itself as a leading provider of highly engineered chemical products designed to optimize upstream oil recovery, protect infrastructure and enhance the performance of industrial processes.

The company’s core product portfolio spans several key segments.