Boris Cherdabayev Sells 300 Shares of Freedom (NASDAQ:FRHC) Stock

Freedom Holding Corp. (NASDAQ:FRHC) Director Boris Cherdabayev sold 300 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $141.88, for a total transaction of $42,564.00. Following the completion of the transaction, the director owned 457 shares of the company’s stock, valued at approximately $64,839.16. The trade was a 39.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Freedom Stock Down 4.1%

FRHC opened at $148.24 on Thursday. The stock has a market cap of $9.09 billion, a price-to-earnings ratio of 59.06 and a beta of 0.68. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.03 and a current ratio of 1.03. The firm’s fifty day moving average is $147.83 and its 200 day moving average is $139.92. Freedom Holding Corp. has a fifty-two week low of $107.97 and a fifty-two week high of $194.01.

Freedom (NASDAQ:FRHC) last issued its quarterly earnings results on Tuesday, June 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.74). The business had revenue of $486.15 million during 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 Investors Weigh In On Freedom

Several large investors have recently made changes to their positions in the company. Daytona Street Capital LLC purchased a new position in Freedom during the 4th quarter valued at approximately $2,434,000. UBS Group AG increased its stake in Freedom by 139.7% in the 4th quarter. UBS Group AG now owns 27,810 shares of the company’s stock worth $3,384,000 after acquiring an additional 16,210 shares during the last quarter. Abacus Wealth Partners LLC purchased a new stake in shares of Freedom during the 4th quarter worth approximately $254,000. State of New Jersey Common Pension Fund D boosted its position in shares of Freedom by 29.2% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 15,707 shares of the company’s stock valued at $1,911,000 after acquiring an additional 3,549 shares during the last quarter. Finally, Pictet Asset Management Holding SA boosted its position in shares of Freedom by 15.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 2,845 shares of the company’s stock valued at $346,000 after acquiring an additional 373 shares during the last quarter. 1.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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