Boris Cherdabayev Sells 150 Shares of Freedom (NASDAQ:FRHC) Stock

Freedom Holding Corp. (NASDAQ:FRHC) Director Boris Cherdabayev sold 150 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $136.33, for a total value of $20,449.50. Following the completion of the transaction, the director owned 307 shares in the company, valued at $41,853.31. This represents a 32.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Freedom Price Performance

FRHC stock opened at $148.24 on Thursday. The business has a fifty day moving average of $147.83 and a two-hundred day moving average of $139.92. 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 $9.09 billion, a price-to-earnings ratio of 59.06 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.

Freedom (NASDAQ:FRHC) last posted its earnings results on Tuesday, June 2nd. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $124.14 million.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Xponance LLC grew its stake in shares of Freedom by 4.1% in the fourth quarter. Xponance LLC now owns 2,498 shares of the company’s stock valued at $304,000 after buying an additional 98 shares in the last quarter. Police & Firemen s Retirement System of New Jersey lifted its stake in Freedom by 1.2% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 8,110 shares of the company’s stock worth $987,000 after acquiring an additional 98 shares in the last quarter. SG Americas Securities LLC lifted its stake in Freedom by 10.3% during the 1st quarter. SG Americas Securities LLC now owns 1,274 shares of the company’s stock worth $185,000 after acquiring an additional 119 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in 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 acquiring an additional 154 shares during the period. Finally, Federation des caisses Desjardins du Quebec boosted its holdings in Freedom by 18.2% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,406 shares of the company’s stock valued at $171,000 after acquiring an additional 216 shares during the period. 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.