Freedom Holding Corp. (NASDAQ:FRHC) CFO Sells $2,378,490.18 in Stock

Freedom Holding Corp. (NASDAQ:FRHC) CFO Evgeny Ler sold 15,114 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $157.37, for a total value of $2,378,490.18. Following the transaction, the chief financial officer now owns 38,794 shares of the company’s stock, valued at approximately $6,105,011.78. The trade was a 28.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Freedom Trading Down 5.4 %

Shares of FRHC stock opened at $146.11 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average price of $138.71 and a two-hundred day moving average price of $115.73. Freedom Holding Corp. has a 12-month low of $64.00 and a 12-month high of $164.82. The firm has a market cap of $8.86 billion, a P/E ratio of 27.41 and a beta of 1.01.

Freedom (NASDAQ:FRHC) last issued its quarterly earnings results on Friday, February 7th. The company reported $1.29 earnings per share (EPS) for the quarter. Freedom had a return on equity of 26.63% and a net margin of 14.99%.

Institutional Investors Weigh In On Freedom

Hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in Freedom by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 8,863 shares of the company’s stock worth $840,000 after purchasing an additional 124 shares during the last quarter. Barclays PLC lifted its stake in shares of Freedom by 1,263.2% in the 3rd quarter. Barclays PLC now owns 4,144 shares of the company’s stock valued at $393,000 after acquiring an additional 3,840 shares during the last quarter. State Street Corp lifted its stake in shares of Freedom by 19.0% in the 3rd quarter. State Street Corp now owns 45,155 shares of the company’s stock valued at $4,279,000 after acquiring an additional 7,207 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Freedom by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 53,338 shares of the company’s stock valued at $5,054,000 after acquiring an additional 811 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of Freedom in the 3rd quarter valued at about $400,000. Institutional investors own 1.26% of the company’s stock.

Freedom Company Profile

Freedom Holding Corp., through its subsidiaries, provides securities brokerage, securities dealing, market making, investment research, investment counseling, and investment banking services. It offers retail brokerage services for exchange-traded and over-the-counter corporate equity and debt securities, money market instruments, exchange traded options and futures contracts, government bonds, and mutual funds; securities trading; underwriting services; margin lending services collateralized by securities and cash in the customer’s account; various investment education and training courses; investment research services; and commercial banking services, including payment cards, digital mortgages, and digital business and digital auto loans, as well as Freedom Box, a package of payment acquiring services.