Freedom (NASDAQ:FRHC) Stock Price Down 4.9% on Insider Selling

Key Points

• Freedom Holding shares fell 4.9% to about $166.34 after CFO Valeriy Kim sold 5,000 shares for approximately $846,550, reducing his ownership by 9.54%.
• Analysts maintain a cautious outlook, with the stock carrying a consensus “Hold” rating and an average price target of $159; ratings include one Buy and two Holds.
• Freedom’s latest quarterly earnings missed expectations, with EPS of $0.52 versus the $0.87 consensus, despite revenue of $554.96 million. Institutional ownership remains limited at 1.26%, although several major investors recently increased their positions.

Freedom Holding Corp. (NASDAQ:FRHC - Get Free Report)'s stock price fell 4.9% during mid-day trading on Monday after an insider sold shares in the company. The company traded as low as $167.50 and last traded at $166.3350. 18,449 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 130,727 shares. The stock had previously closed at $174.85.

Specifically, CFO Valeriy Kim sold 5,000 shares of Freedom stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $169.31, for a total value of $846,550.00. Following the sale, the chief financial officer owned 47,400 shares of the company's stock, valued at approximately $8,025,294. The trade was a 9.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Wall Street Analyst Weigh In

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

Freedom Stock Performance

The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $10.61 billion, a PE ratio of 65.75 and a beta of 0.67. The company has a 50-day moving average price of $153.39 and a two-hundred day moving average price of $144.85.

Freedom (NASDAQ:FRHC - Get Free Report) last posted its earnings results on Monday, August 10th. The company reported $0.52 earnings per share 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 company had revenue of $554.96 million for the quarter, compared to analysts' expectations of $124.14 million.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FRHC. California State Teachers Retirement System increased its holdings in shares of Freedom by 18,728.1% in the second quarter. California State Teachers Retirement System now owns 3,290,584 shares of the company's stock worth $429,322,000 after purchasing an additional 3,273,107 shares during the period. BlackRock Inc. bought a new stake in Freedom during the second quarter valued at $77,900,000. State Street Corp grew its position in Freedom by 2.3% during the fourth quarter. State Street Corp now owns 213,325 shares of the company's stock worth $25,957,000 after buying an additional 4,871 shares in the last quarter. First Trust Advisors LP grew its position in Freedom by 11.5% during the fourth quarter. First Trust Advisors LP now owns 204,723 shares of the company's stock worth $24,911,000 after buying an additional 21,191 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Freedom by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 167,720 shares of the company's stock worth $20,405,000 after acquiring an additional 950 shares during the last quarter. 1.26% of the stock is owned by institutional investors.

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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