Freedom Holding Corp. (NASDAQ:FRHC – Get Free Report) CTO Renat Tukanov sold 1,800 shares of Freedom stock in a transaction that occurred on 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 transaction, the chief technology officer directly owned 10,200 shares in the company, valued at approximately $1,436,364. This represents a 15.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Freedom Stock Performance
Shares of NASDAQ FRHC opened at $128.85 on Friday. Freedom Holding Corp. has a 12 month low of $107.97 and a 12 month high of $194.01. The company has a market cap of $7.90 billion, a P/E ratio of 51.33 and a beta of 0.69. The business’s 50 day moving average is $144.83 and its two-hundred day moving average is $136.24. 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 – Get Free Report) last released its earnings results on Tuesday, June 2nd. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.74). Freedom had a return on equity of 11.50% and a net margin of 7.00%.The firm had revenue of $486.15 million for the quarter, compared to analyst estimates of $124.14 million.
Analyst Upgrades and Downgrades
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Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of FRHC. Caitong International Asset Management Co. Ltd increased its stake in Freedom by 290.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 207 shares of the company’s stock worth $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 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 increased its position in shares of 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 in the last quarter. Royal Bank of Canada increased its position in shares of Freedom by 67.2% during the first quarter. Royal Bank of Canada now owns 587 shares of the company’s stock worth $85,000 after acquiring an additional 236 shares in the last quarter. Finally, Barclays PLC lifted its position in Freedom by 600.8% in the 4th quarter. Barclays PLC now owns 904 shares of the company’s stock valued at $110,000 after acquiring an additional 775 shares in the last quarter. Institutional investors and hedge funds own 1.26% of the company’s stock.
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.
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