Insider Selling: Freedom (NASDAQ:FRHC) Insider Sells $2,612,064.00 in Stock

Freedom Holding Corp. (NASDAQ:FRHCGet Free Report) insider Azamat Yerdessov sold 16,800 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $155.48, for a total value of $2,612,064.00. Following the completion of the sale, the insider directly owned 227,442 shares of the company’s stock, valued at approximately $35,362,682.16. The trade was a 6.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Freedom Trading Down 2.0%

Shares of Freedom stock opened at $139.01 on Thursday. The business has a fifty day simple moving average of $148.45 and a two-hundred day simple moving average of $135.92. Freedom Holding Corp. has a 1 year low of $107.97 and a 1 year high of $194.01. The company has a market capitalization of $8.52 billion, a price-to-earnings ratio of 55.38 and a beta of 0.69. 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 (NASDAQ:FRHCGet Free Report) last announced its quarterly earnings results on Tuesday, June 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.74). Freedom had a net margin of 7.00% and a return on equity of 11.50%. The business had revenue of $486.15 million for the quarter, compared to analyst estimates of $124.14 million.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Xponance LLC increased its position in shares of Freedom by 4.1% in the fourth quarter. Xponance LLC now owns 2,498 shares of the company’s stock worth $304,000 after purchasing an additional 98 shares during the period. Police & Firemen s Retirement System of New Jersey grew its position in Freedom by 1.2% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 8,110 shares of the company’s stock valued at $987,000 after acquiring an additional 98 shares during the last quarter. SG Americas Securities LLC grew its position in Freedom by 10.3% in the first quarter. SG Americas Securities LLC now owns 1,274 shares of the company’s stock valued at $185,000 after acquiring an additional 119 shares during the last quarter. Arizona State Retirement System grew its position in Freedom by 2.3% in the third quarter. Arizona State Retirement System now owns 5,419 shares of the company’s stock valued at $933,000 after acquiring an additional 121 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its position in Freedom by 290.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 207 shares of the company’s stock valued at $25,000 after acquiring an additional 154 shares during the last quarter. Institutional investors own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

FRHC has been the topic of several recent research reports. Weiss Ratings upgraded Freedom from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. KeyCorp restated a “market perform” rating on shares of Freedom in a research report on Friday, June 5th. Finally, Loop Capital set a $138.00 price target 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, the company has a consensus rating of “Hold” and an average price target of $138.00.

Get Our Latest Stock Analysis on FRHC

About Freedom

(Get Free Report)

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.

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