Freedom (NASDAQ:FRHC) Director Boris Cherdabayev Sells 150 Shares

Freedom Holding Corp. (NASDAQ:FRHC) Director Boris Cherdabayev sold 150 shares of the business’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $136.33, for a total transaction of $20,449.50. Following the sale, the director owned 307 shares in the company, valued at $41,853.31. The trade was a 32.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Freedom Stock Performance

NASDAQ:FRHC opened at $154.63 on Wednesday. The firm’s fifty day simple moving average is $147.82 and its 200-day simple moving average is $139.83. 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 stock has a market cap of $9.48 billion, a PE ratio of 61.61 and a beta of 0.68. Freedom Holding Corp. has a fifty-two week low of $107.97 and a fifty-two week high of $194.01.

Freedom (NASDAQ:FRHC) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported $0.13 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 company had revenue of $486.15 million during the quarter, compared to analyst estimates of $124.14 million.

Analyst Ratings Changes

A number of research analysts have issued reports on FRHC shares. Weiss Ratings raised shares of Freedom from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. KeyCorp reissued a “market perform” rating on shares of Freedom in a research note on Friday, June 5th. Finally, HC Wainwright restated 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’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $138.00.

Institutional Investors Weigh In On Freedom

Several institutional investors and hedge funds have recently made changes to their positions in FRHC. Daytona Street Capital LLC acquired a new stake in Freedom in the 4th quarter valued at about $2,434,000. UBS Group AG increased its holdings in Freedom by 139.7% during the 4th quarter. UBS Group AG now owns 27,810 shares of the company’s stock valued at $3,384,000 after acquiring an additional 16,210 shares in the last quarter. Abacus Wealth Partners LLC acquired a new position in Freedom during the fourth quarter worth about $254,000. State of New Jersey Common Pension Fund D raised its position in Freedom by 29.2% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 15,707 shares of the company’s stock worth $1,911,000 after acquiring an additional 3,549 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of Freedom by 15.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 2,845 shares of the company’s stock valued at $346,000 after purchasing an additional 373 shares in the last quarter. 1.26% of the stock is currently owned by hedge funds and other institutional investors.

About Freedom

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.