Insider Selling: Freedom (NASDAQ:FRHC) CFO Sells $846,550.00 in Stock

Freedom Holding Corp. (NASDAQ:FRHC) CFO Valeriy Kim sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $169.31, for a total transaction of $846,550.00. Following the transaction, the chief financial officer owned 47,400 shares in the company, valued at approximately $8,025,294. This trade represents a 9.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Freedom Price Performance

FRHC stock opened at $174.85 on Monday. The company has a fifty day moving average price of $153.39 and a 200 day moving average price of $144.85. Freedom Holding Corp. has a 12 month low of $107.97 and a 12 month high of $181.88. The company has a market cap of $11.15 billion, a price-to-earnings ratio of 69.11 and a beta of 0.67. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.16 and a quick ratio of 1.16.

Freedom (NASDAQ:FRHC) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.35). Freedom had a net margin of 6.47% and a return on equity of 10.96%. The business had revenue of $554.96 million during the quarter, compared to analyst estimates of $124.14 million.

Analysts Set New Price Targets

A number of research firms have weighed in on FRHC. Wedbush set a $180.00 price objective on Freedom in a research report on Thursday, August 6th. KeyCorp reissued a “market perform” rating on shares of Freedom in a report on Friday, June 5th. Weiss Ratings cut Freedom from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. Finally, HC Wainwright reaffirmed a “buy” rating on shares of Freedom in a report on Monday, July 20th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Freedom presently has a consensus rating of “Hold” and a consensus price target of $159.00.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its position in Freedom by 18,728.1% in the second quarter. California State Teachers Retirement System now owns 3,290,584 shares of the company’s stock valued at $429,322,000 after purchasing an additional 3,273,107 shares during the period. Wedmont Private Capital acquired a new position in Freedom during the 2nd quarter worth approximately $210,000. Odyssean LLC increased its position in Freedom by 87.7% during the 2nd quarter. Odyssean LLC now owns 21,511 shares of the company’s stock worth $2,807,000 after purchasing an additional 10,052 shares during the period. Nykredit A S purchased a new position in shares of Freedom during the 2nd quarter worth approximately $118,000. Finally, Headlands Technologies LLC purchased a new position in shares of Freedom during the 2nd quarter worth approximately $318,000. 1.26% of the stock is owned by hedge funds and other institutional investors.

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.