Perimeter Solutions, SA (NYSE:PRM) CEO Sells $974,696.96 in Stock

Perimeter Solutions, SA (NYSE:PRM) CEO Haitham Khouri sold 80,156 shares of Perimeter Solutions stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $12.16, for a total value of $974,696.96. Following the completion of the sale, the chief executive officer now directly owns 249,833 shares in the company, valued at approximately $3,037,969.28. The trade was a 24.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Haitham Khouri also recently made the following trade(s):

• On Wednesday, November 13th, Haitham Khouri sold 80,000 shares of Perimeter Solutions stock. The stock was sold at an average price of $12.05, for a total value of $964,000.00.

Perimeter Solutions Trading Up 0.3 %

Shares of NYSE PRM traded up $0.04 during trading hours on Friday, hitting $12.16. 1,593,062 shares of the company traded hands, compared to its average volume of 748,631. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of -10.77 and a beta of 2.02. The company has a current ratio of 3.91, a quick ratio of 1.87 and a debt-to-equity ratio of 0.67. The company’s 50 day moving average price is $12.89 and its 200 day moving average price is $10.13. Perimeter Solutions, SA has a 12 month low of $3.84 and a 12 month high of $14.44.

Analyst Ratings Changes

A number of research firms have issued reports on PRM. Morgan Stanley lifted their price objective on Perimeter Solutions from $14.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. UBS Group boosted their target price on Perimeter Solutions from $8.75 to $11.00 and gave the company a “neutral” rating in a research report on Friday, August 16th.

Hedge Funds Weigh In On Perimeter Solutions

Hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in Perimeter Solutions by 59.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,878,518 shares of the company’s stock valued at $14,708,000 after acquiring an additional 698,622 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Perimeter Solutions in the 1st quarter valued at $423,000. Maverick Capital Ltd. grew its position in Perimeter Solutions by 239.3% in the 2nd quarter. Maverick Capital Ltd. now owns 227,477 shares of the company’s stock valued at $1,781,000 after acquiring an additional 160,432 shares during the last quarter. American Century Companies Inc. grew its position in Perimeter Solutions by 66.6% in the 2nd quarter. American Century Companies Inc. now owns 123,252 shares of the company’s stock valued at $965,000 after acquiring an additional 49,251 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in Perimeter Solutions by 81.6% in the 3rd quarter. SG Americas Securities LLC now owns 48,385 shares of the company’s stock valued at $651,000 after acquiring an additional 21,735 shares during the last quarter. 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.