Geode Capital Management LLC Sells 3,965 Shares of Perimeter Solutions, SA (NYSE:PRM)

Geode Capital Management LLC reduced its holdings in shares of Perimeter Solutions, SA (NYSE:PRM) by 0.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,120,481 shares of the company’s stock after selling 3,965 shares during the period. Geode Capital Management LLC owned 2.13% of Perimeter Solutions worth $41,979,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Dimensional Fund Advisors LP raised its holdings in Perimeter Solutions by 59.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,878,518 shares of the company’s stock worth $14,708,000 after buying an additional 698,622 shares during the last quarter. DF Dent & Co. Inc. increased its position in shares of Perimeter Solutions by 27.4% during the third quarter. DF Dent & Co. Inc. now owns 2,341,963 shares of the company’s stock valued at $31,499,000 after acquiring an additional 504,146 shares in the last quarter. FMR LLC raised its holdings in Perimeter Solutions by 2,993.1% in the 3rd quarter. FMR LLC now owns 307,426 shares of the company’s stock worth $4,135,000 after acquiring an additional 297,487 shares during the last quarter. Pennant Select LLC lifted its position in Perimeter Solutions by 41.6% in the 3rd quarter. Pennant Select LLC now owns 814,000 shares of the company’s stock valued at $10,948,000 after acquiring an additional 239,000 shares in the last quarter. Finally, Maverick Capital Ltd. boosted its stake in Perimeter Solutions by 239.3% during the 2nd quarter. Maverick Capital Ltd. now owns 227,477 shares of the company’s stock valued at $1,781,000 after purchasing an additional 160,432 shares during the last quarter. Institutional investors own 89.93% of the company’s stock.

Insiders Place Their Bets

In other Perimeter Solutions news, CEO Haitham Khouri sold 80,156 shares of the stock in a transaction dated 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 transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tracy Britt Cool sold 50,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $12.81, for a total value of $640,500.00. Following the transaction, the director now directly owns 173,449 shares of the company’s stock, valued at approximately $2,221,881.69. The trade was a 22.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 210,156 shares of company stock worth $2,579,197. Company insiders own 8.70% of the company’s stock.

Analysts Set New Price Targets

Separately, Morgan Stanley upped their price target on Perimeter Solutions from $14.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, September 16th.

Perimeter Solutions Price Performance

NYSE PRM opened at $13.24 on Wednesday. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of -11.72 and a beta of 1.93. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95. The business’s fifty day moving average price is $13.09 and its 200-day moving average price is $11.23. Perimeter Solutions, SA has a 1-year low of $3.88 and a 1-year high of $14.44.

Perimeter Solutions (NYSE:PRM) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($1.22). The business had revenue of $288.42 million for the quarter, compared to the consensus estimate of $265.30 million. Perimeter Solutions had a negative net margin of 30.57% and a negative return on equity of 10.08%. During the same period in the previous year, the firm earned $0.31 EPS. On average, equities analysts predict that Perimeter Solutions, SA will post -1.1 earnings per share for the current year.

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.