Azamat Yerdessov Sells 16,800 Shares of Freedom (NASDAQ:FRHC) Stock

Freedom Holding Corp. (NASDAQ:FRHC) insider Azamat Yerdessov sold 16,800 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $155.48, for a total value of $2,612,064.00. Following the completion of the transaction, the insider owned 227,442 shares in the company, valued at $35,362,682.16. This represents a 6.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Freedom Stock Performance

FRHC stock opened at $141.86 on Wednesday. The business’s 50-day moving average price is $148.48 and its two-hundred day moving average price is $135.88. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.03. The firm has a market cap of $8.69 billion, a PE ratio of 56.52 and a beta of 0.69. Freedom Holding Corp. has a 1-year low of $107.97 and a 1-year high of $194.01.

Freedom (NASDAQ:FRHC) last posted its earnings results 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). The business had revenue of $486.15 million for the quarter, compared to the consensus estimate 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 hedge funds and other institutional investors have recently modified their holdings of the company. Xponance LLC raised its stake in shares of Freedom by 4.1% in the 4th quarter. Xponance LLC now owns 2,498 shares of the company’s stock valued at $304,000 after purchasing an additional 98 shares during the period. Police & Firemen s Retirement System of New Jersey raised its stake in shares of Freedom by 1.2% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 8,110 shares of the company’s stock valued at $987,000 after purchasing an additional 98 shares during the period. SG Americas Securities LLC raised its stake in shares of Freedom by 10.3% in the 1st quarter. SG Americas Securities LLC now owns 1,274 shares of the company’s stock valued at $185,000 after purchasing an additional 119 shares during the period. Arizona State Retirement System raised its stake in shares of Freedom by 2.3% in the 3rd quarter. Arizona State Retirement System now owns 5,419 shares of the company’s stock valued at $933,000 after purchasing an additional 121 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Freedom by 290.6% in the 4th 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 during the period. Institutional investors and hedge funds own 1.26% of the company’s stock.

Analysts Set New Price Targets

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