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

Shares of Perimeter Solutions, SA (NYSE:PRM - Get Free Report) 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 trading hands.

Specifically, Director Vivek Raj sold 250,000 shares of Perimeter Solutions stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $9.17, for a total value of $2,292,500.00. Following the transaction, the director now directly owns 471,226 shares of the company's stock, valued at $4,321,142.42. This trade represents a 34.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Perimeter Solutions Price Performance

The business's 50 day moving average is $11.49 and its 200-day moving average is $12.34. The firm has a market capitalization of $1.39 billion, a P/E ratio of -66.17 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.

Perimeter Solutions (NYSE:PRM - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of ($0.10) by $0.21. The firm had revenue of $86.23 million for the quarter, compared to analysts' expectations of $77.01 million. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. As a group, sell-side analysts predict that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal year.

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Institutional Trading of Perimeter Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of 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 worth $4,003,000 after buying an additional 63,919 shares during the last quarter. Voloridge Investment Management LLC grew its stake in shares of Perimeter Solutions by 26.6% during the fourth quarter. Voloridge Investment Management LLC now owns 174,651 shares of the company's stock worth $2,232,000 after buying an additional 36,652 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of Perimeter Solutions during the fourth quarter worth $1,911,000. Two Sigma Advisers LP acquired a new position in shares of Perimeter Solutions during the fourth quarter worth $258,000. Finally, State of Wyoming lifted its holdings in shares of Perimeter Solutions by 241.6% during the fourth quarter. State of Wyoming now owns 34,827 shares of the company's stock worth $445,000 after purchasing an additional 24,632 shares during the period. 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.