Freedom (NASDAQ:FRHC) Insider Azamat Yerdessov Sells 16,800 Shares

Freedom Holding Corp. (NASDAQ:FRHC) insider Azamat Yerdessov sold 16,800 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $155.48, for a total transaction of $2,612,064.00. Following the completion of the sale, the insider directly owned 227,442 shares of the company’s stock, valued at $35,362,682.16. The trade was a 6.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Freedom Trading Down 4.4%

Shares of Freedom stock traded down $6.50 during trading hours on Monday, hitting $142.01. The company’s stock had a trading volume of 145,847 shares, compared to its average volume of 117,085. Freedom Holding Corp. has a 1-year low of $107.97 and a 1-year high of $194.01. The business has a fifty day moving average of $148.49 and a 200 day moving average of $135.82. The company has a market capitalization of $8.70 billion, a PE ratio of 56.58 and a beta of 0.69. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.03.

Freedom (NASDAQ:FRHC) last released its quarterly earnings results on Monday, June 1st. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.74). The firm had revenue of $486.15 million for the quarter, compared to analyst estimates of $124.14 million. Freedom had a net margin of 7.00% and a return on equity of 11.50%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. KeyCorp reaffirmed a “market perform” rating on shares of Freedom in a report on Friday. Loop Capital set a $138.00 price target on shares of Freedom in a report on Thursday, February 26th. Finally, Weiss Ratings raised shares of Freedom from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Freedom has a consensus rating of “Hold” and a consensus price target of $138.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its holdings in Freedom by 188.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 76,068 shares of the company’s stock worth $13,094,000 after acquiring an additional 49,712 shares in the last quarter. Daytona Street Capital LLC acquired a new position in Freedom during the 4th quarter worth $2,434,000. UBS Group AG grew its holdings in Freedom by 139.7% during the 4th quarter. UBS Group AG now owns 27,810 shares of the company’s stock worth $3,384,000 after acquiring an additional 16,210 shares in the last quarter. Abacus Wealth Partners LLC acquired a new position in Freedom during the 4th quarter worth $254,000. Finally, State of New Jersey Common Pension Fund D grew its holdings in Freedom by 29.2% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 15,707 shares of the company’s stock worth $1,911,000 after acquiring an additional 3,549 shares in the last quarter. 1.26% of the stock is owned by institutional investors and hedge funds.

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.