Perimeter Solutions, SA (NYSE:PRM) CEO Haitham Khouri Sells 80,156 Shares

Perimeter Solutions, SA (NYSE:PRM) CEO Haitham Khouri sold 80,156 shares of the firm’s 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 owns 249,833 shares of the company’s stock, valued at $3,037,969.28. This represents a 24.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

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

Perimeter Solutions Stock Performance

NYSE PRM opened at $12.16 on Friday. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of -10.76 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. Perimeter Solutions, SA has a 1-year low of $3.84 and a 1-year high of $14.44. The company has a 50 day moving average of $12.91 and a 200-day moving average of $10.16.

Institutional Investors Weigh In On Perimeter Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC grew its holdings in shares of Perimeter Solutions by 305.3% during the third quarter. Barclays PLC now owns 206,967 shares of the company’s stock worth $2,784,000 after purchasing an additional 155,899 shares during the last quarter. Orion Portfolio Solutions LLC acquired a new stake in Perimeter Solutions in the 3rd quarter valued at about $138,000. Zacks Investment Management raised its stake in shares of Perimeter Solutions by 4.3% in the third quarter. Zacks Investment Management now owns 309,579 shares of the company’s stock worth $4,164,000 after acquiring an additional 12,860 shares during the last quarter. DF Dent & Co. Inc. raised its stake in shares of Perimeter Solutions by 27.4% in the third quarter. DF Dent & Co. Inc. now owns 2,341,963 shares of the company’s stock worth $31,499,000 after acquiring an additional 504,146 shares during the last quarter. Finally, Quarry LP acquired a new position in shares of Perimeter Solutions during the third quarter worth approximately $52,000. 89.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PRM has been the subject of a number of analyst reports. UBS Group raised their price target on shares of Perimeter Solutions from $8.75 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, August 16th. Morgan Stanley boosted their price target on Perimeter Solutions from $14.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, September 16th.

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.