Haitham Khouri Sells 20,300 Shares of Perimeter Solutions (NYSE:PRM) Stock

Perimeter Solutions, SA (NYSE:PRM) CEO Haitham Khouri sold 20,300 shares of Perimeter Solutions stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $34.09, for a total value of $692,027.00. Following the sale, the chief executive officer directly owned 2,083,850 shares in the company, valued at approximately $71,038,446.50. The trade was a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, May 22nd, Haitham Khouri sold 117,511 shares of Perimeter Solutions stock. The shares were sold at an average price of $31.19, for a total value of $3,665,168.09.
• On Thursday, May 21st, Haitham Khouri sold 91,724 shares of Perimeter Solutions stock. The shares were sold at an average price of $31.91, for a total value of $2,926,912.84.

Perimeter Solutions Stock Performance

Perimeter Solutions stock opened at $31.15 on Friday. The stock’s 50 day simple moving average is $27.31 and its two-hundred day simple moving average is $26.99. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.61 and a current ratio of 3.09. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of -23.24 and a beta of 1.93. Perimeter Solutions, SA has a fifty-two week low of $11.58 and a fifty-two week high of $34.89.

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, beating the consensus estimate of $0.02 by $0.04. The business had revenue of $125.07 million for the quarter, compared to analysts’ expectations of $121.80 million. Perimeter Solutions had a positive return on equity of 18.29% and a negative net margin of 26.93%. As a group, analysts expect that Perimeter Solutions, SA will post 1.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PRM has been the topic of a number of analyst reports. Weiss Ratings raised Perimeter Solutions from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, May 11th. UBS Group boosted their price target on Perimeter Solutions from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Morgan Stanley boosted their price target on Perimeter Solutions from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Zacks Research raised Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. Finally, Wall Street Zen raised Perimeter Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $37.00.

Institutional Trading of Perimeter Solutions

A number of hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its position in shares of Perimeter Solutions by 20.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,295 shares of the company’s stock worth $56,000 after purchasing an additional 383 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Perimeter Solutions by 51.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,143 shares of the company’s stock valued at $31,000 after acquiring an additional 389 shares in the last quarter. Allworth Financial LP lifted its position in Perimeter Solutions by 14.1% in the 4th quarter. Allworth Financial LP now owns 4,100 shares of the company’s stock valued at $113,000 after acquiring an additional 508 shares in the last quarter. Comerica Bank lifted its position in Perimeter Solutions by 12.2% in the 3rd quarter. Comerica Bank now owns 5,019 shares of the company’s stock valued at $112,000 after acquiring an additional 547 shares in the last quarter. Finally, Arax Advisory Partners lifted its position in Perimeter Solutions by 122.8% in the 4th quarter. Arax Advisory Partners now owns 1,047 shares of the company’s stock valued at $29,000 after acquiring an additional 577 shares in the last quarter. 89.93% of the stock is owned by institutional investors.

Perimeter Solutions Company Profile

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.