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.