Freedom (NASDAQ:FRHC) CFO Sells 5,000 Shares of Stock

Key Points

• Freedom CFO Valeriy Kim sold 5,000 shares at an average price of $169.31, generating $846,550. Following the sale, he retained 47,400 shares, a 9.54% reduction in his direct ownership.
• FRHC shares recently traded at $174.85, near the company’s 52-week high of $181.88, with a market capitalization of $11.15 billion. The stock carries a consensus “Hold” rating and a $159 average price target.
• Freedom’s latest quarterly results were mixed: earnings per share came in at $0.52, below the $0.87 analyst consensus, while revenue reached $554.96 million versus estimates of $124.14 million.

Freedom Holding Corp. (NASDAQ:FRHC - Get Free Report) CFO Valeriy Kim sold 5,000 shares of Freedom 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 in the company, valued at $8,025,294. The trade was a 9.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Freedom Stock Performance

NASDAQ:FRHC traded up $4.19 during trading hours on Friday, reaching $174.85. 204,992 shares of the company's stock were exchanged, compared to its average volume of 131,425. The firm has a market capitalization of $11.15 billion, a price-to-earnings ratio of 69.11 and a beta of 0.67. The company has a 50-day moving average of $152.77 and a 200 day moving average of $144.48. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.04. Freedom Holding Corp. has a 1-year low of $107.97 and a 1-year high of $181.88.

Freedom (NASDAQ:FRHC - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.52 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.35). Freedom had a net margin of 6.47% and a return on equity of 10.96%. The business had revenue of $554.96 million during the quarter, compared to analyst estimates of $124.14 million.

Analyst Ratings Changes

A number of research firms have recently issued reports on FRHC. HC Wainwright reissued a "buy" rating on shares of Freedom in a report on Monday, July 20th. Weiss Ratings raised Freedom from a "sell (d+)" rating to a "hold (c)" rating in a report on Tuesday, June 2nd. Wedbush set a $180.00 price objective on shares of Freedom in a research report on Thursday, August 6th. Finally, KeyCorp reissued a "market perform" rating on shares of Freedom in a research note on Friday, June 5th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Freedom has a consensus rating of "Hold" and a consensus target price of $159.00.

Institutional Investors Weigh In On Freedom

A number of hedge funds have recently added to or reduced their stakes in FRHC. Caitong International Asset Management Co. Ltd increased 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 purchasing an additional 154 shares during the period. Parallel Advisors LLC boosted its stake 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 buying an additional 300 shares in the last quarter. Wells Fargo & Company MN boosted its stake 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 buying an additional 267 shares in the last quarter. CoreCap Advisors LLC acquired a new position in Freedom during the second quarter worth $78,000. Finally, Royal Bank of Canada grew its holdings in 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 acquiring an additional 236 shares during the period. Institutional investors and hedge funds 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.

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