Freedom Holding Corp. (NASDAQ:FRHC) Insider Kairat Bakibayevich Akhmetov Sells 600 Shares of 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 transaction of $71,880.00. Following the transaction, the insider now directly owns 139,400 shares of the company’s stock, valued at $16,700,120. This represents a 0.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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 transaction of $662,420.00.

Freedom Stock Performance

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

Institutional Trading of Freedom

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Handelsbanken Fonder AB increased its holdings in shares of Freedom by 15.6% in the third quarter. Handelsbanken Fonder AB now owns 3,700 shares of the company’s stock valued at $351,000 after purchasing an additional 500 shares in the last quarter. Geode Capital Management LLC grew its holdings in Freedom by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 53,338 shares of the company’s stock worth $5,054,000 after acquiring an additional 811 shares during the period. Algert Global LLC grew its holdings in Freedom by 44.0% during 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. Jane Street Group LLC acquired a new stake in Freedom during the 3rd quarter worth $206,000. Finally, Victory Capital Management Inc. acquired a new stake in Freedom during the 3rd quarter worth $213,000. Institutional investors and hedge funds 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.