Insider Selling: Freedom Holding Corp. (NASDAQ:FRHC) Insider Sells 5,500 Shares of Stock

Freedom Holding Corp. (NASDAQ:FRHC) insider Kairat Bakibayevich Akhmetov sold 5,500 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $120.44, for a total transaction of $662,420.00. Following the transaction, the insider now owns 133,900 shares of the company’s stock, valued at $16,126,916. This trade represents a 3.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, November 29th, Kairat Bakibayevich Akhmetov sold 600 shares of Freedom stock. The shares were sold at an average price of $119.80, for a total transaction of $71,880.00.

Freedom Trading Up 0.1 %

Shares of Freedom stock opened at $119.57 on Wednesday. The business has a 50 day moving average price of $107.91 and a 200 day moving average price of $92.08. The company has a market capitalization of $7.25 billion, a P/E ratio of 21.09 and a beta of 1.02. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.26 and a quick ratio of 1.26. Freedom Holding Corp. has a 1 year low of $64.00 and a 1 year high of $123.17.

Institutional Trading of Freedom

Institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC raised its stake in 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 purchasing an additional 811 shares during the last quarter. State Street Corp raised its position in shares of Freedom by 19.0% in the third quarter. State Street Corp now owns 45,155 shares of the company’s stock valued at $4,279,000 after buying an additional 7,207 shares during the last quarter. Sparta 24 Ltd. purchased a new position in shares of Freedom during the second quarter valued at approximately $1,996,000. Marshall Wace LLP acquired a new stake in Freedom during the second quarter worth approximately $618,000. Finally, Algert Global LLC grew its stake in Freedom by 44.0% in the 2nd quarter. Algert Global LLC now owns 5,905 shares of the company’s stock worth $445,000 after acquiring an additional 1,805 shares during the period. 1.26% of the stock is currently owned by hedge funds and other institutional investors.

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.