TPI Composites files for Chapter 11 bankruptcy, plans delisting from Nasdaq
John M. Perisich, Chief Legal and Administrative Officer at Primoris Services Corp (NASDAQ:PRIM), sold 11,607 shares of common stock on August 11, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The transaction comes as PRIM trades near its 52-week high of $115.99, having delivered an impressive 115% return over the past year. According to InvestingPro analysis, the stock’s technical indicators suggest it’s currently in overbought territory. The shares were sold at prices ranging from $111.30 to $111.61, for a total value of approximately $1.29 million.
Following the transaction, Perisich indirectly owns 133,607 shares through a family trust.
In other recent news, Primoris Services Corporation announced robust financial results for the second quarter of 2025. The company reported earnings per share of $1.68, which exceeded expectations by 55.56%, and revenue of $1.9 billion, surpassing forecasts by 11.83%. These strong results prompted the company to raise its targets for 2025. Following this announcement, KeyBanc increased its price target for Primoris Services to $119 from $98, while maintaining an Overweight rating on the stock. This adjustment reflects the positive outlook on the company’s performance. These developments highlight the strong investor confidence in Primoris Services.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.