Insider Selling: Freedom Holding Corp. (NASDAQ:FRHC) Insider Sells 7,521 Shares of Stock

Freedom Holding Corp. (NASDAQ:FRHC) insider Azamat Yerdessov sold 7,521 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $116.52, for a total transaction of $876,346.92. Following the completion of the transaction, the insider now directly owns 90,817 shares of the company’s stock, valued at $10,581,996.84. This represents a 7.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Freedom Stock Performance

Shares of Freedom stock traded up $5.59 during trading on Wednesday, hitting $122.59. 115,175 shares of the company’s stock were exchanged, compared to its average volume of 73,436. The stock has a market capitalization of $7.43 billion, a price-to-earnings ratio of 21.01 and a beta of 1.02. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.26 and a current ratio of 1.26. The business has a 50-day simple moving average of $103.33 and a 200-day simple moving average of $88.67. Freedom Holding Corp. has a 52-week low of $64.00 and a 52-week high of $122.71.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FRHC. EntryPoint Capital LLC raised its position in Freedom by 110.7% during the first quarter. EntryPoint Capital LLC now owns 986 shares of the company’s stock worth $70,000 after acquiring an additional 518 shares during the last quarter. Jane Street Group LLC acquired a new stake in Freedom in the third quarter valued at $206,000. Victory Capital Management Inc. acquired a new stake in shares of Freedom during the third quarter worth $213,000. Handelsbanken Fonder AB increased its holdings in shares of Freedom by 15.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 3,700 shares of the company’s stock worth $351,000 after acquiring an additional 500 shares during the period. Finally, Barclays PLC grew its position in 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 buying an additional 3,840 shares in the last quarter. 1.26% of the stock is owned by hedge funds and other institutional investors.

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.