Freedom (NASDAQ:FRHC) Director Sells $20,449.50 in Stock

Freedom Holding Corp. (NASDAQ:FRHC) Director Boris Cherdabayev sold 150 shares of Freedom stock in a transaction that occurred 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 completion of the transaction, the director directly owned 307 shares in the company, valued at approximately $41,853.31. This trade represents a 32.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Freedom Stock Up 4.6%

Shares of NASDAQ:FRHC opened at $155.13 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $9.51 billion, a PE ratio of 61.81 and a beta of 0.68. Freedom Holding Corp. has a 52 week low of $107.97 and a 52 week high of $194.01. The firm has a 50 day simple moving average of $147.99 and a 200 day simple moving average of $140.09.

Freedom (NASDAQ:FRHC) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $124.14 million.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on FRHC shares. Weiss Ratings upgraded Freedom from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. HC Wainwright restated a “buy” rating on shares of Freedom in a research report on Monday, July 20th. Finally, KeyCorp reaffirmed a “market perform” rating on shares of Freedom in a research note on Friday, June 5th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Freedom presently has a consensus rating of “Hold” and a consensus price target of $138.00.

Institutional Investors Weigh In On Freedom

Institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd boosted its stake 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 buying an additional 154 shares during the period. Parallel Advisors LLC increased its stake in shares of Freedom by 476.2% in the first quarter. Parallel Advisors LLC now owns 363 shares of the company’s stock worth $53,000 after acquiring an additional 300 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Freedom by 111.7% in 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 during the last quarter. CoreCap Advisors LLC purchased a new stake in shares of Freedom during the second quarter worth $78,000. Finally, Royal Bank of Canada raised its holdings 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. Institutional investors and hedge funds own 1.26% of the company’s stock.

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.