Perimeter Solutions (NYSE:PRM) Shares Gap Down on Insider Selling

Perimeter Solutions, SA (NYSE:PRM - Get Free Report)'s stock price gapped down before the market opened on Monday following insider selling activity. The stock had previously closed at $9.22, but opened at $9.00. Perimeter Solutions shares last traded at $9.02, with a volume of 39,826 shares.

Specifically, Director Vivek Raj sold 250,000 shares of Perimeter Solutions stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $9.17, for a total value of $2,292,500.00. Following the completion of the transaction, the director now owns 471,226 shares in the company, valued at approximately $4,321,142.42. This trade represents a 34.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Perimeter Solutions Stock Performance

The company has a 50-day moving average of $11.39 and a 200-day moving average of $12.30. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of -64.67 and a beta of 1.93. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67.

Perimeter Solutions (NYSE:PRM - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.21. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. The firm had revenue of $86.23 million during the quarter, compared to analyst estimates of $77.01 million. On average, equities research analysts forecast that Perimeter Solutions, SA will post 0.71 earnings per share for the current fiscal year.

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Institutional Investors Weigh In On Perimeter Solutions

Institutional investors and hedge funds have recently bought and sold shares of the business. Pennant Select LLC boosted its stake in Perimeter Solutions by 41.6% in the third quarter. Pennant Select LLC now owns 814,000 shares of the company's stock valued at $10,948,000 after acquiring an additional 239,000 shares during the period. Entropy Technologies LP acquired a new position in Perimeter Solutions during the 4th quarter valued at approximately $305,000. Barclays PLC boosted its position in Perimeter Solutions by 305.3% during the 3rd quarter. Barclays PLC now owns 206,967 shares of the company's stock valued at $2,784,000 after purchasing an additional 155,899 shares during the period. Bleakley Financial Group LLC grew its stake in Perimeter Solutions by 6.7% during the 4th quarter. Bleakley Financial Group LLC now owns 28,380 shares of the company's stock worth $363,000 after buying an additional 1,778 shares during the last quarter. Finally, FMR LLC increased its position in Perimeter Solutions by 2,993.1% in the third quarter. FMR LLC now owns 307,426 shares of the company's stock worth $4,135,000 after buying an additional 297,487 shares during the period. Institutional investors and hedge funds own 89.93% of the company's stock.

Perimeter Solutions Company Profile

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.