Insider Selling: Freedom (NASDAQ:FRHC) Director Sells 186 Shares of Stock

Freedom Holding Corp. (NASDAQ:FRHC) Director Boris Cherdabayev sold 186 shares of the business’s stock in a transaction that occurred on Monday, December 29th. The stock was 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 in the company, valued at $15,212.12. This trade represents a 60.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Freedom Price Performance

NASDAQ FRHC traded down $0.26 during mid-day trading on Tuesday, hitting $155.95. The stock had a trading volume of 56,549 shares, compared to its average volume of 132,807. Freedom Holding Corp. has a 52-week low of $107.97 and a 52-week high of $194.01. The company has a market cap of $9.56 billion, a price-to-earnings ratio of 62.13 and a beta of 0.68. The company has a 50 day simple moving average of $147.65 and a 200 day simple moving average of $139.68. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.03.

Freedom (NASDAQ:FRHC) last posted its earnings results on Tuesday, June 2nd. The company reported $0.13 EPS 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%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Freedom

Several hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its holdings in shares of Freedom by 290.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 207 shares of the company’s stock worth $25,000 after buying an additional 154 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Freedom by 476.2% during the first quarter. Parallel Advisors LLC now owns 363 shares of the company’s stock valued at $53,000 after buying an additional 300 shares during the period. Wells Fargo & Company MN boosted its position in Freedom by 111.7% during the fourth quarter. Wells Fargo & Company MN now owns 506 shares of the company’s stock worth $62,000 after acquiring an additional 267 shares during the last quarter. CoreCap Advisors LLC acquired a new stake in Freedom during the second quarter worth approximately $78,000. Finally, Royal Bank of Canada grew its stake in Freedom by 67.2% in the 1st quarter. Royal Bank of Canada now owns 587 shares of the company’s stock worth $85,000 after acquiring an additional 236 shares during the period. 1.26% of the stock is owned by institutional investors and hedge funds.

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.