Insider Selling: Freedom Holding Corp. (NASDAQ:FRHC) CEO Sells $235,200.00 in Stock

Freedom Holding Corp. (NASDAQ:FRHC) CEO Robert Wotczak sold 2,000 shares of Freedom stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $117.60, for a total value of $235,200.00. Following the completion of the sale, the chief executive officer now directly owns 70,000 shares in the company, valued at approximately $8,232,000. The trade was a 2.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Robert Wotczak also recently made the following trade(s):

• On Friday, November 22nd, Robert Wotczak sold 650 shares of Freedom stock. The stock was sold at an average price of $117.80, for a total transaction of $76,570.00.

Freedom Stock Performance

Shares of NASDAQ:FRHC opened at $118.43 on Friday. The firm has a fifty day simple moving average of $106.51 and a two-hundred day simple moving average of $90.78. Freedom Holding Corp. has a 52 week low of $64.00 and a 52 week high of $123.17. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $7.18 billion, a P/E ratio of 20.89 and a beta of 1.02.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB lifted its stake in shares of Freedom by 15.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 3,700 shares of the company’s stock valued at $351,000 after purchasing an additional 500 shares during the last quarter. Geode Capital Management LLC lifted its position in Freedom by 1.5% in the third quarter. Geode Capital Management LLC now owns 53,338 shares of the company’s stock worth $5,054,000 after buying an additional 811 shares during the last quarter. Algert Global LLC boosted its stake in Freedom by 44.0% during the second quarter. Algert Global LLC now owns 5,905 shares of the company’s stock worth $445,000 after buying an additional 1,805 shares during the period. Jane Street Group LLC bought a new position in Freedom during the third quarter valued at $206,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Freedom in the third quarter valued at $213,000. Hedge funds and other institutional investors own 1.26% of the company’s stock.

About Freedom

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.