Perimeter Solutions (NYSE:PRM) Shares Gap Up - Should You Buy?

Shares of Perimeter Solutions, SA (NYSE:PRM - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $11.98, but opened at $12.59. Perimeter Solutions shares last traded at $12.62, with a volume of 432,361 shares.

Analyst Ratings Changes

Separately, Morgan Stanley lifted their price target on shares of Perimeter Solutions from $14.00 to $18.00 and gave the company an "overweight" rating in a report on Monday, September 16th.

Perimeter Solutions Stock Up 5.4 %

The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $1.85 billion, a P/E ratio of -11.18 and a beta of 1.91. The stock has a 50 day moving average price of $12.89 and a 200 day moving average price of $11.59.

Perimeter Solutions (NYSE:PRM - Get Free Report) last posted its earnings results on Tuesday, November 12th. The company reported ($0.61) EPS for the quarter, missing the consensus estimate of $0.61 by ($1.22). Perimeter Solutions had a negative net margin of 30.57% and a negative return on equity of 10.08%. The firm had revenue of $288.42 million during the quarter, compared to the consensus estimate of $265.30 million. During the same quarter in the prior year, the business posted $0.31 earnings per share. On average, research analysts anticipate that Perimeter Solutions, SA will post -1.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Perimeter Solutions news, CEO Haitham Khouri sold 80,156 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $12.16, for a total transaction of $974,696.96. Following the completion of the transaction, the chief executive officer now owns 249,833 shares in the company, valued at approximately $3,037,969.28. This trade represents a 24.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tracy Britt Cool sold 50,000 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $12.81, for a total transaction of $640,500.00. Following the completion of the transaction, the director now owns 173,449 shares in the company, valued at $2,221,881.69. This trade represents a 22.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 210,156 shares of company stock valued at $2,579,197 in the last ninety days. 8.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Perimeter Solutions

Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in Perimeter Solutions by 59.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,878,518 shares of the company's stock worth $14,708,000 after acquiring an additional 698,622 shares during the period. DF Dent & Co. Inc. boosted its position in shares of Perimeter Solutions by 27.4% during the 3rd quarter. DF Dent & Co. Inc. now owns 2,341,963 shares of the company's stock valued at $31,499,000 after purchasing an additional 504,146 shares in the last quarter. FMR LLC grew its stake in Perimeter Solutions by 2,993.1% during the third quarter. FMR LLC now owns 307,426 shares of the company's stock worth $4,135,000 after purchasing an additional 297,487 shares during the period. Pennant Select LLC increased its holdings in Perimeter Solutions by 41.6% in the third quarter. Pennant Select LLC now owns 814,000 shares of the company's stock worth $10,948,000 after purchasing an additional 239,000 shares in the last quarter. Finally, Maverick Capital Ltd. lifted its stake in Perimeter Solutions by 239.3% in the second quarter. Maverick Capital Ltd. now owns 227,477 shares of the company's stock valued at $1,781,000 after buying an additional 160,432 shares during the period. Institutional investors 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.