Freedom (NASDAQ:FRHC) CFO Valeriy Kim Sells 5,000 Shares of Stock

Freedom Holding Corp. (NASDAQ:FRHC) CFO Valeriy Kim sold 5,000 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $169.31, for a total transaction of $846,550.00. Following the completion of the transaction, the chief financial officer owned 47,400 shares of the company’s stock, valued at $8,025,294. This represents a 9.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Freedom Price Performance

FRHC traded up $4.19 on Friday, hitting $174.85. 204,992 shares of the company were exchanged, compared to its average volume of 131,425. Freedom Holding Corp. has a fifty-two week low of $107.97 and a fifty-two week high of $181.88. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market capitalization of $11.15 billion, a P/E ratio of 69.11 and a beta of 0.67. The business’s fifty day moving average is $152.77 and its 200 day moving average is $144.48.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Quantinno Capital Management LP lifted its stake in Freedom by 125.0% in the 1st quarter. Quantinno Capital Management LP now owns 28,196 shares of the company’s stock valued at $4,085,000 after buying an additional 15,663 shares in the last quarter. UBS Group AG increased its position in Freedom by 139.7% during the fourth quarter. UBS Group AG now owns 27,810 shares of the company’s stock worth $3,384,000 after buying an additional 16,210 shares in the last quarter. Bank of America Corp DE increased its position in Freedom by 19.6% during the first quarter. Bank of America Corp DE now owns 40,070 shares of the company’s stock worth $5,805,000 after buying an additional 6,569 shares in the last quarter. Odyssean LLC acquired a new position in shares of Freedom in the second quarter worth $2,807,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Freedom in the second quarter worth $682,000. 1.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Wedbush set a $180.00 target price on Freedom in a research report on Thursday, August 6th. KeyCorp restated a “market perform” rating on shares of Freedom in a research report on Friday, June 5th. Weiss Ratings raised Freedom from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. Finally, HC Wainwright reiterated a “buy” rating on shares of Freedom in a research report on Monday, July 20th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $159.00.

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.