Windacre Partnership LLC

10% owner Windacre Partnership LLC sold 5,705,979 shares for $195,609,062.29 across 7 transactions June 26-30.

Windacre Partnership LLC, a 10% owner, executed 7 separate sales totaling 5,705,979 shares for $195,609,062.29 at prices ranging from $33.00 to $36.25, reducing its position by 26.1% from 21,854,600 to 16,148,621 shares. The company's latest quarter showed revenue of $125,069,000.00 and net income of $72,936,000.00, though full-year net income was negative despite annual revenue growth of 16.4%. The blended average sale price of $34.28 sits above the current price of $32.87, and the stock has declined 7.3% over 30 days and 13.9% from its 52-week high of $38.17, suggesting the sales occurred before recent weakness. The scale and multi-day execution of this divestiture by a major shareholder warrants investor scrutiny of the underlying motivations and any forward-looking implications for the business.

10% owner WindAcre bought 254,600 shares of PRM at $13.98, raising stake to 21.85M shares as stock near 52-week high.

WindAcre Partnership Master Fund, LP, holding 10% of Perimeter Solutions, purchased 254,600 shares at $13.98 for $3,559,308, increasing its post-transaction position to 21,854,600 shares from 21,600,000 shares. The transaction occurred near the 52-week high ($14.08), with current price at $14.07. The company's fundamentals show mixed signals: latest quarterly revenue of $72,030,000 and quarterly net income of $56,686,000 are strong, with annual revenue growth of +74.2%, but the company was unprofitable over its most recent full fiscal year, creating a discrepancy between quarterly profitability and full-year performance that merits scrutiny. The stock has appreciated 16.6% over 30 days and 34.1% over 90 days, so this incremental purchase by a major shareholder occurs within a period of sustained gains.