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 company’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 sale, the chief executive officer now owns 249,833 shares of the company’s stock, valued at approximately $3,037,969.28. This trade represents a 24.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through 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 value of $964,000.00.

Perimeter Solutions Stock Up 0.3 %

PRM stock opened at $12.16 on Friday. Perimeter Solutions, SA has a 1 year low of $3.84 and a 1 year high of $14.44. The company has a fifty day simple moving average of $12.91 and a 200 day simple moving average of $10.16. The firm has a market cap of $1.78 billion, a PE 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.

Institutional Investors Weigh In On Perimeter Solutions

A number of large investors have recently added to or reduced their stakes in the stock. Quarry LP acquired a new stake in shares of Perimeter Solutions in the third quarter worth $52,000. Orion Portfolio Solutions LLC bought a new position in shares of Perimeter Solutions in the third quarter worth about $138,000. Lazard Asset Management LLC acquired a new position in shares of Perimeter Solutions during the 1st quarter worth about $78,000. Landscape Capital Management L.L.C. acquired a new stake in Perimeter Solutions in the 3rd quarter valued at approximately $148,000. Finally, SG Americas Securities LLC acquired a new position in shares of Perimeter Solutions during the first quarter worth approximately $86,000. Institutional investors own 89.93% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.