Freedom Holding Corp. (NASDAQ:FRHC) Insider Kairat Bakibayevich Akhmetov Sells 600 Shares

Freedom Holding Corp. (NASDAQ:FRHC) insider Kairat Bakibayevich Akhmetov sold 600 shares of Freedom stock in a transaction on Friday, November 29th. The stock was 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 directly owns 139,400 shares of the company’s stock, valued at approximately $16,700,120. The trade was a 0.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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 Price Performance

Shares of Freedom stock opened at $122.49 on Thursday. The stock’s 50-day simple moving average is $108.44 and its 200-day simple moving average is $92.29. Freedom Holding Corp. has a 52 week low of $64.00 and a 52 week high of $123.17. The company has a market capitalization of $7.42 billion, a price-to-earnings ratio of 21.60 and a beta of 1.02. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.24.

Institutional Investors Weigh In On Freedom

A number of hedge funds have recently made changes to their positions in FRHC. Sparta 24 Ltd. purchased a new stake in shares of Freedom in the second quarter worth approximately $1,996,000. Marshall Wace LLP purchased a new stake in shares of Freedom during the 2nd quarter valued at $618,000. State Street Corp lifted its holdings in shares of Freedom by 19.0% during the 3rd quarter. State Street Corp now owns 45,155 shares of the company’s stock valued at $4,279,000 after purchasing an additional 7,207 shares during the last quarter. Quest Partners LLC raised its stake in Freedom by 901.9% in the 2nd quarter. Quest Partners LLC now owns 5,390 shares of the company’s stock worth $406,000 after acquiring an additional 4,852 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new position in Freedom in the 3rd quarter worth $400,000. 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.