Renat Tukanov Sells 1,800 Shares of Freedom (NASDAQ:FRHC) Stock

Freedom Holding Corp. (NASDAQ:FRHC) CTO Renat Tukanov sold 1,800 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $140.82, for a total transaction of $253,476.00. Following the transaction, the chief technology officer owned 10,200 shares in the company, valued at approximately $1,436,364. The trade was a 15.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Freedom Stock Performance

NASDAQ FRHC opened at $129.06 on Friday. The firm has a market capitalization of $7.91 billion, a P/E ratio of 51.42 and a beta of 0.69. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.03. The firm’s fifty day moving average price is $145.47 and its two-hundred day moving average price is $136.29. Freedom Holding Corp. has a 1 year low of $107.97 and a 1 year high of $194.01.

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FRHC. KeyCorp reaffirmed a “market perform” rating on shares of Freedom in a research report on Friday, June 5th. Loop Capital set a $138.00 target price on Freedom in a report on Thursday, February 26th. Finally, Weiss Ratings upgraded Freedom from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $138.00.

Institutional Investors Weigh In On Freedom

Hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd grew its position in shares of Freedom by 290.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 207 shares of the company’s stock valued at $25,000 after purchasing an additional 154 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Freedom by 476.2% during the first quarter. Parallel Advisors LLC now owns 363 shares of the company’s stock worth $53,000 after purchasing an additional 300 shares during the period. Wells Fargo & Company MN increased its stake in shares of Freedom by 111.7% during the fourth quarter. Wells Fargo & Company MN now owns 506 shares of the company’s stock worth $62,000 after purchasing an additional 267 shares during the period. Royal Bank of Canada lifted its holdings in Freedom by 67.2% during the 1st 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. Finally, Barclays PLC lifted its holdings in Freedom by 600.8% during the 4th quarter. Barclays PLC now owns 904 shares of the company’s stock worth $110,000 after purchasing an additional 775 shares during the last quarter. 1.26% of the stock is currently 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.