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

Perimeter Solutions, SA (NYSE:PRM) CEO Haitham Khouri sold 117,511 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 1,874,615 shares in the company, valued at $58,469,241.85. The trade was a 5.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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%

Shares of NYSE:PRM traded down $0.26 during trading on Friday, reaching $31.15. 1,266,852 shares of the stock were exchanged, compared to its average volume of 1,124,907. The company has a debt-to-equity ratio of 1.01, a current ratio of 3.09 and a quick ratio of 1.61. Perimeter Solutions, SA has a 1-year low of $11.58 and a 1-year high of $34.89. The stock has a fifty day moving average of $27.15 and a two-hundred day moving average of $26.96. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of -23.24 and a beta of 1.93.

Perimeter Solutions (NYSE:PRM) last issued its earnings results on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $125.07 million for the quarter, compared to analyst estimates of $121.80 million. Research analysts anticipate that Perimeter Solutions, SA will post 1.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp bought a new position in Perimeter Solutions in the 3rd quarter valued at $27,000. Arax Advisory Partners grew its stake 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 purchasing an additional 577 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake 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 purchasing an additional 389 shares during the period. EverSource Wealth Advisors LLC bought a new position in Perimeter Solutions in the 2nd quarter valued at $42,000. Finally, Comerica Bank grew its stake in Perimeter Solutions by 45.0% in the 1st quarter. Comerica Bank now owns 4,267 shares of the company’s stock valued at $43,000 after purchasing an additional 1,324 shares during the period. Institutional investors own 89.93% of the company’s stock.

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.