Freedom Holding Corp. (NASDAQ:FRHC) Insider Sells $71,880.00 in Stock

Freedom Holding Corp. (NASDAQ:FRHC) insider Kairat Bakibayevich Akhmetov sold 600 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $119.80, for a total value of $71,880.00. Following the completion of the sale, the insider now owns 139,400 shares in the company, valued at $16,700,120. This trade represents a 0.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Kairat Bakibayevich Akhmetov also recently made the following trade(s):

• On Monday, December 2nd, Kairat Bakibayevich Akhmetov sold 5,500 shares of Freedom stock. The stock was sold at an average price of $120.44, for a total value of $662,420.00.

Freedom Stock Performance

NASDAQ:FRHC opened at $126.48 on Friday. The company has a market capitalization of $7.67 billion, a PE ratio of 22.31 and a beta of 1.02. Freedom Holding Corp. has a fifty-two week low of $64.00 and a fifty-two week high of $126.96. 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 company has a 50 day simple moving average of $109.07 and a two-hundred day simple moving average of $92.53.

Hedge Funds Weigh In On Freedom

A number of hedge funds have recently bought and sold shares of the company. Jane Street Group LLC acquired a new stake in Freedom during the 3rd quarter worth about $206,000. Victory Capital Management Inc. acquired a new stake in Freedom during the third quarter worth approximately $213,000. Handelsbanken Fonder AB increased its holdings in Freedom by 15.6% in the third quarter. Handelsbanken Fonder AB now owns 3,700 shares of the company’s stock worth $351,000 after purchasing an additional 500 shares in the last quarter. Barclays PLC lifted its stake in Freedom by 1,263.2% in the third quarter. Barclays PLC now owns 4,144 shares of the company’s stock valued at $393,000 after buying an additional 3,840 shares during the period. Finally, Verition Fund Management LLC bought a new position in shares of Freedom during the 3rd quarter worth approximately $400,000. 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.