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

Freedom Holding Corp. (NASDAQ:FRHC) CFO Valeriy Kim sold 5,000 shares of the firm’s stock in a transaction on 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 directly owned 47,400 shares of the company’s stock, valued at $8,025,294. This represents a 9.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Freedom Stock Performance

Shares of FRHC stock opened at $174.85 on Friday. The company has a fifty day moving average price of $153.39 and a two-hundred day moving average price of $144.69. Freedom Holding Corp. has a one year low of $107.97 and a one year high of $181.88. The stock has a market cap of $11.15 billion, a P/E ratio of 69.11 and a beta of 0.67. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.16 and a quick ratio of 1.16.

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

Analyst Ratings Changes

A number of equities analysts have weighed in on FRHC shares. Weiss Ratings downgraded Freedom from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday. KeyCorp reiterated a “market perform” rating on shares of Freedom in a research note on Friday, June 5th. HC Wainwright reiterated a “buy” rating on shares of Freedom in a research note on Monday, July 20th. Finally, Wedbush set a $180.00 target price on Freedom in a report on Thursday, August 6th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Freedom has a consensus rating of “Hold” and an average price target of $159.00.

Institutional Trading of Freedom

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

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.