Freedom (NASDAQ:FRHC) CTO Sells $253,476.00 in Stock

Freedom Holding Corp. (NASDAQ:FRHC) CTO Renat Tukanov sold 1,800 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $140.82, for a total transaction of $253,476.00. Following the completion of the sale, the chief technology officer directly owned 10,200 shares of the company’s stock, valued at approximately $1,436,364. The trade was a 15.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Freedom Stock Performance

Shares of FRHC stock traded down $3.75 on Wednesday, hitting $135.45. The company’s stock had a trading volume of 157,903 shares, compared to its average volume of 125,539. Freedom Holding Corp. has a fifty-two week low of $107.97 and a fifty-two week high of $194.01. The company has a market capitalization of $8.30 billion, a PE ratio of 53.96 and a beta of 0.69. The stock’s 50 day moving average is $146.33 and its 200-day moving average is $136.32. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.03 and a current ratio of 1.03.

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

Institutional Trading of Freedom

Several large investors have recently made changes to their positions in FRHC. Caitong International Asset Management Co. Ltd raised its position in Freedom by 290.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 207 shares of the company’s stock valued at $25,000 after purchasing an additional 154 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Freedom by 476.2% in the 1st quarter. Parallel Advisors LLC now owns 363 shares of the company’s stock valued at $53,000 after purchasing an additional 300 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Freedom by 111.7% in the 4th quarter. Wells Fargo & Company MN now owns 506 shares of the company’s stock valued at $62,000 after purchasing an additional 267 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Freedom by 67.2% in the 1st quarter. Royal Bank of Canada now owns 587 shares of the company’s stock valued at $85,000 after purchasing an additional 236 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Freedom by 600.8% during the 4th quarter. Barclays PLC now owns 904 shares of the company’s stock worth $110,000 after buying an additional 775 shares in the last quarter. Institutional investors and hedge funds own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. KeyCorp reiterated a “market perform” rating on shares of Freedom in a research note on Friday, June 5th. Weiss Ratings upgraded Freedom from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. Finally, Loop Capital set a $138.00 target price on Freedom in a research report on Thursday, February 26th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $138.00.

Freedom Company Profile

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.