Freedom (NASDAQ:FRHC) CTO Renat Tukanov Sells 1,800 Shares of Stock

Freedom Holding Corp. (NASDAQ:FRHC) CTO Renat Tukanov sold 1,800 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $140.82, for a total value of $253,476.00. Following the sale, the chief technology officer directly owned 10,200 shares in the company, valued at $1,436,364. This trade represents a 15.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Freedom Trading Down 2.7%

NASDAQ:FRHC opened at $135.45 on Thursday. 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 Holding Corp. has a 1-year low of $107.97 and a 1-year high of $194.01. The firm has a market capitalization of $8.30 billion, a price-to-earnings ratio of 53.96 and a beta of 0.69. The stock has a fifty day simple moving average of $146.03 and a 200 day simple moving average of $136.31.

Freedom (NASDAQ:FRHC) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.74). Freedom had a net margin of 7.00% and a return on equity of 11.50%. The firm had revenue of $486.15 million for the quarter, compared to analysts’ expectations of $124.14 million.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd grew its holdings in shares of Freedom by 290.6% during the 4th 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 in the last quarter. Parallel Advisors LLC boosted its position in Freedom by 476.2% during the first quarter. Parallel Advisors LLC now owns 363 shares of the company’s stock valued at $53,000 after purchasing an additional 300 shares during the last quarter. Wells Fargo & Company MN boosted its position in Freedom by 111.7% during the fourth quarter. Wells Fargo & Company MN now owns 506 shares of the company’s stock valued at $62,000 after purchasing an additional 267 shares during the last quarter. Royal Bank of Canada grew its stake in Freedom by 67.2% in the first quarter. Royal Bank of Canada now owns 587 shares of the company’s stock valued at $85,000 after purchasing an additional 236 shares in the last quarter. Finally, Barclays PLC increased its position in Freedom by 600.8% in the 4th quarter. Barclays PLC now owns 904 shares of the company’s stock worth $110,000 after purchasing an additional 775 shares during the last quarter. Institutional investors and hedge funds own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

FRHC has been the subject of a number of recent analyst reports. KeyCorp reaffirmed a “market perform” rating on shares of Freedom in a research note on Friday, June 5th. Weiss Ratings raised Freedom from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. Finally, Loop Capital set a $138.00 price target on Freedom in a report on Thursday, February 26th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus 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.