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

Perimeter Solutions, SA (NYSE:PRM) gapped down before the market opened on Monday after an insider sold shares in the company. 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 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 transaction of $2,292,500.00. Following the transaction, the director now directly owns 471,226 shares in the company, valued at approximately $4,321,142.42. This represents a 34.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Perimeter Solutions Trading Down 0.9 %

The company’s 50 day simple moving average is $11.49 and its 200-day simple moving average is $12.34. The firm has a market cap of $1.35 billion, a P/E ratio of -64.32 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) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.11 earnings per share 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 firm had revenue of $86.23 million for the quarter, compared to the consensus estimate of $77.01 million. As a group, research analysts predict that Perimeter Solutions, SA will post 0.71 earnings per share for the current fiscal year.

Institutional Trading of Perimeter Solutions

Several institutional investors and hedge funds have recently made changes to their positions in the business. Natixis Advisors LLC increased its stake in Perimeter Solutions by 5.9% in the 3rd quarter. Natixis Advisors LLC now owns 64,923 shares of the company’s stock worth $873,000 after buying an additional 3,595 shares during the period. PNC Financial Services Group Inc. grew its stake in Perimeter Solutions by 2.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 139,335 shares of the company’s stock worth $1,874,000 after acquiring an additional 3,544 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of Perimeter Solutions during the third quarter worth approximately $324,000. Landscape Capital Management L.L.C. bought a new stake in shares of Perimeter Solutions during the third quarter valued at approximately $148,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Perimeter Solutions by 34.8% during the third quarter. The Manufacturers Life Insurance Company now owns 65,863 shares of the company’s stock valued at $886,000 after acquiring an additional 17,009 shares in the last quarter. 89.93% of the stock is currently owned by institutional investors.

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.