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

Perimeter Solutions, SA (NYSE:PRM - Get Free Report) Director Vivek Raj sold 250,000 shares of the company's stock in a transaction dated 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 completion of the transaction, the director now owns 471,226 shares in the company, valued at $4,321,142.42. This represents a 34.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Perimeter Solutions Stock Down 2.7 %

PRM stock traded down $0.25 during midday trading on Friday, reaching $9.05. The company had a trading volume of 1,073,388 shares, compared to its average volume of 834,562. The company has a 50 day moving average of $11.39 and a two-hundred day moving average of $12.30. 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, SA has a 1 year low of $6.13 and a 1 year high of $14.44. The company has a market capitalization of $1.35 billion, a P/E ratio of -64.89 and a beta of 1.93.

Perimeter Solutions (NYSE:PRM - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.21. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. The business had revenue of $86.23 million during the quarter, compared to analyst estimates of $77.01 million. On average, equities research analysts expect 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

Several institutional investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position 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 increased its stake in shares of Perimeter Solutions by 26.6% during the 4th quarter. Voloridge Investment Management LLC now owns 174,651 shares of the company's stock worth $2,232,000 after purchasing an additional 36,652 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of Perimeter Solutions during the 4th quarter valued at $1,911,000. Two Sigma Advisers LP acquired a new stake in shares of Perimeter Solutions in the 4th quarter valued at $258,000. Finally, State of Wyoming boosted its holdings in Perimeter Solutions by 241.6% in 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 in the last quarter. 89.93% of the stock is currently owned by institutional investors and hedge funds.

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.