Andrew Gamble Sells 357 Shares of Freedom (NASDAQ:FRHC) Stock

Freedom Holding Corp. (NASDAQ:FRHC) Director Andrew Gamble sold 357 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $141.04, for a total transaction of $50,351.28. Following the sale, the director directly owned 677 shares of the company’s stock, valued at $95,484.08. The trade was a 34.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Freedom Price Performance

Shares of NASDAQ:FRHC opened at $129.06 on Friday. 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 capitalization of $7.91 billion, a PE ratio of 51.42 and a beta of 0.69. The firm’s 50 day moving average price is $145.47 and its 200-day moving average price is $136.29. Freedom Holding Corp. has a twelve month low of $107.97 and a twelve month high of $194.01.

Freedom (NASDAQ:FRHC) last announced its earnings results on Tuesday, June 2nd. The company reported $0.13 earnings per share (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 business had revenue of $486.15 million for the quarter, compared to the consensus estimate of $124.14 million.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FRHC. Weiss Ratings upgraded Freedom from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. KeyCorp reiterated a “market perform” rating on shares of Freedom in a research report on Friday, June 5th. Finally, Loop Capital set a $138.00 price target on Freedom in a report on Thursday, February 26th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Freedom currently has an average rating of “Hold” and an average target price of $138.00.

Institutional Investors Weigh In On Freedom

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of Freedom by 2.3% in the fourth quarter. State Street Corp now owns 213,325 shares of the company’s stock worth $25,957,000 after purchasing an additional 4,871 shares during the period. First Trust Advisors LP raised its position in shares of Freedom by 11.5% during the 4th quarter. First Trust Advisors LP now owns 204,723 shares of the company’s stock valued at $24,911,000 after purchasing an additional 21,191 shares during the period. Geode Capital Management LLC raised its position in shares of Freedom by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 167,720 shares of the company’s stock valued at $20,405,000 after purchasing an additional 950 shares during the period. Millennium Management LLC lifted its stake in shares of Freedom by 648.1% during the 1st quarter. Millennium Management LLC now owns 121,942 shares of the company’s stock valued at $16,117,000 after buying an additional 105,641 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Freedom by 188.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 76,068 shares of the company’s stock valued at $13,094,000 after buying an additional 49,712 shares in the last quarter. Institutional investors own 1.26% of the company’s stock.

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.