Boris Cherdabayev Sells 300 Shares of Freedom (NASDAQ:FRHC) Stock

Freedom Holding Corp. (NASDAQ:FRHC) Director Boris Cherdabayev sold 300 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $141.88, for a total value of $42,564.00. Following the completion of the transaction, the director owned 457 shares in the company, valued at $64,839.16. This represents a 39.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Freedom Stock Down 0.2%

Freedom stock traded down $0.26 during trading on Tuesday, hitting $155.95. 56,549 shares of the company were exchanged, compared to its average volume of 132,807. The business’s 50 day moving average is $147.65 and its 200 day moving average is $139.68. Freedom Holding Corp. has a 52 week low of $107.97 and a 52 week high of $194.01. The company has a market capitalization of $9.56 billion, a P/E ratio of 62.13 and a beta of 0.68. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.03.

Freedom (NASDAQ:FRHC) last issued 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 net margin of 7.00% and a return on equity of 11.50%. The company had revenue of $486.15 million for the quarter, compared to the consensus estimate of $124.14 million.

Hedge Funds Weigh In On Freedom

Several institutional investors and hedge funds have recently bought and sold shares of FRHC. Xponance LLC increased its position in Freedom by 4.1% in the fourth quarter. Xponance LLC now owns 2,498 shares of the company’s stock worth $304,000 after buying an additional 98 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its position in shares of 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 valued at $987,000 after buying an additional 98 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of 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 during the period. Caitong International Asset Management Co. Ltd increased its holdings in Freedom by 290.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 207 shares of the company’s stock worth $25,000 after acquiring an additional 154 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec increased its holdings in Freedom by 18.2% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,406 shares of the company’s stock worth $171,000 after acquiring an additional 216 shares during the last quarter. 1.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.