Insider Selling: Freedom (NASDAQ:FRHC) Director Sells $23,383.92 in Stock

Freedom Holding Corp. (NASDAQ:FRHC) Director Boris Cherdabayev sold 186 shares of Freedom stock in a transaction on Monday, December 29th. The shares were sold at an average price of $125.72, for a total value of $23,383.92. Following the sale, the director directly owned 121 shares of the company’s stock, valued at approximately $15,212.12. The trade was a 60.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Freedom Stock Performance

Shares of NASDAQ FRHC opened at $155.13 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.03 and a quick ratio of 1.03. Freedom Holding Corp. has a one year low of $107.97 and a one year high of $194.01. The business’s 50-day moving average price is $147.99 and its two-hundred day moving average price is $140.09. The company has a market capitalization of $9.51 billion, a P/E ratio of 61.81 and a beta of 0.68.

Freedom (NASDAQ:FRHC) last posted its quarterly earnings results on Tuesday, June 2nd. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.74). The firm had revenue of $486.15 million for the quarter, compared to analysts’ expectations of $124.14 million. Freedom had a return on equity of 11.50% and a net margin of 7.00%.

Institutional Trading of Freedom

Several large investors have recently made changes to their positions in the stock. State Street Corp increased its holdings in shares of Freedom by 2.3% during the 4th quarter. State Street Corp now owns 213,325 shares of the company’s stock valued at $25,957,000 after acquiring an additional 4,871 shares during the last quarter. First Trust Advisors LP lifted its holdings in Freedom by 11.5% in the 4th quarter. First Trust Advisors LP now owns 204,723 shares of the company’s stock worth $24,911,000 after purchasing an additional 21,191 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Freedom by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 167,720 shares of the company’s stock worth $20,405,000 after purchasing an additional 950 shares during the last quarter. Millennium Management LLC boosted its position in Freedom by 648.1% during the first quarter. Millennium Management LLC now owns 121,942 shares of the company’s stock worth $16,117,000 after purchasing an additional 105,641 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Freedom by 214.4% during the first quarter. Goldman Sachs Group Inc. now owns 75,018 shares of the company’s stock worth $9,915,000 after purchasing an additional 51,159 shares during the period. Institutional investors own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

FRHC has been the topic of several recent research reports. KeyCorp reaffirmed a “market perform” rating on shares of Freedom in a research report on Friday, June 5th. HC Wainwright reissued a “buy” rating on shares of Freedom in a research report on Monday, July 20th. Finally, Weiss Ratings upgraded shares of Freedom from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $138.00.

About Freedom

Freedom Holding Corp (NASDAQ: FRHC) is a diversified financial services holding company that provides a broad range of brokerage, trading, investment banking, and asset management services. Through its subsidiaries, the company caters to retail, institutional, and corporate clients by offering access to global capital markets, equity and fixed-income trading, and research-driven investment strategies.

The firm’s product suite includes online and over-the-counter brokerage platforms, margin lending, securities underwriting, and M&A advisory services.