Boris Cherdabayev Sells 186 Shares of Freedom (NASDAQ:FRHC) Stock

Freedom Holding Corp. (NASDAQ:FRHC) Director Boris Cherdabayev sold 186 shares of Freedom stock in a transaction on Monday, December 29th. The stock was sold at an average price of $125.72, for a total transaction of $23,383.92. Following the sale, the director owned 121 shares in the company, valued at $15,212.12. This represents a 60.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Freedom Stock Performance

Shares of FRHC stock opened at $148.24 on Thursday. The stock’s 50-day moving average is $147.83 and its two-hundred day moving average is $139.92. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.03 and a current ratio of 1.03. Freedom Holding Corp. has a 1 year low of $107.97 and a 1 year high of $194.01. The firm has a market cap of $9.09 billion, a price-to-earnings ratio of 59.06 and a beta of 0.68.

Freedom (NASDAQ:FRHC) last posted its earnings results 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). The firm had revenue of $486.15 million during the quarter, compared to analysts’ expectations of $124.14 million. Freedom had a net margin of 7.00% and a return on equity of 11.50%.

Hedge Funds Weigh In On Freedom

Several institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd lifted its position in Freedom by 290.6% during 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 period. Parallel Advisors LLC increased its holdings in shares of Freedom by 476.2% in the first quarter. Parallel Advisors LLC now owns 363 shares of the company’s stock valued at $53,000 after purchasing an additional 300 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Freedom by 111.7% in the fourth quarter. Wells Fargo & Company MN now owns 506 shares of the company’s stock valued at $62,000 after purchasing an additional 267 shares during the period. CoreCap Advisors LLC purchased a new stake in shares of Freedom during the second quarter worth approximately $78,000. Finally, Royal Bank of Canada raised its stake 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 purchasing an additional 236 shares during the last quarter. Institutional investors and hedge funds own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.