Vivek Raj Sells 250,000 Shares of Perimeter Solutions, SA (NYSE:PRM) Stock

Perimeter Solutions, SA (NYSE:PRM) Director Vivek Raj sold 250,000 shares of Perimeter Solutions stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $9.17, for a total transaction of $2,292,500.00. Following the completion of the transaction, the director now owns 471,226 shares of the company’s stock, valued at $4,321,142.42. The trade was a 34.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Perimeter Solutions Price Performance

PRM opened at $9.01 on Wednesday. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of -64.32 and a beta of 1.93. The company has a quick ratio of 2.95, a current ratio of 3.91 and a debt-to-equity ratio of 0.67. The firm has a 50-day moving average price of $11.49 and a 200-day moving average price of $12.34. Perimeter Solutions, SA has a twelve month low of $6.03 and a twelve month high of $14.44.

Perimeter Solutions (NYSE:PRM) last posted its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.21. The firm had revenue of $86.23 million during the quarter, compared to the consensus estimate of $77.01 million. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. Equities analysts expect that Perimeter Solutions, SA will post 0.71 EPS for the current year.

Hedge Funds Weigh In On Perimeter Solutions

Several hedge funds have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Perimeter Solutions by 25.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 313,239 shares of the company’s stock valued at $4,003,000 after acquiring an additional 63,919 shares in the last quarter. Voloridge Investment Management LLC grew its stake in Perimeter Solutions by 26.6% during the fourth quarter. Voloridge Investment Management LLC now owns 174,651 shares of the company’s stock valued at $2,232,000 after acquiring an additional 36,652 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Perimeter Solutions during the fourth quarter valued at approximately $1,911,000. Two Sigma Advisers LP purchased a new position in Perimeter Solutions during the fourth quarter valued at approximately $258,000. Finally, State of Wyoming grew its stake in Perimeter Solutions by 241.6% during the fourth quarter. State of Wyoming now owns 34,827 shares of the company’s stock valued at $445,000 after acquiring an additional 24,632 shares in the last quarter. Hedge funds and other institutional investors own 89.93% of the company’s stock.

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.