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 company’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $155.48, for a total transaction of $2,612,064.00. Following the transaction, the insider directly owned 227,442 shares in the company, valued at $35,362,682.16. The trade was a 6.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Freedom Trading Down 4.4%

Shares of FRHC traded down $6.50 on Monday, hitting $142.01. 145,847 shares of the stock traded hands, compared to its average volume of 117,085. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $8.70 billion, a P/E ratio of 56.58 and a beta of 0.69. The stock’s 50 day moving average is $148.49 and its two-hundred day moving average is $135.82. Freedom Holding Corp. has a 1 year low of $107.97 and a 1 year high of $194.01.

Freedom (NASDAQ:FRHC) last announced its quarterly earnings data on Monday, June 1st. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 7.00% and a return on equity of 11.50%.

Institutional Investors Weigh In On Freedom

Several large investors have recently made changes to their positions in the business. 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 acquiring an additional 98 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its position in shares of 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 worth $987,000 after acquiring an additional 98 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Freedom by 10.3% in the first quarter. SG Americas Securities LLC now owns 1,274 shares of the company’s stock worth $185,000 after acquiring an additional 119 shares in the last quarter. Arizona State Retirement System increased its position in shares of Freedom by 2.3% in the third quarter. Arizona State Retirement System now owns 5,419 shares of the company’s stock worth $933,000 after acquiring an additional 121 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Freedom by 290.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 207 shares of the company’s stock worth $25,000 after acquiring an additional 154 shares in the last quarter. Institutional investors and hedge funds own 1.26% of the company’s stock.

Analyst Ratings Changes

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