Insider Selling: Freedom Holding Corp. (NASDAQ:FRHC) CEO Sells 11,000 Shares of Stock

Freedom Holding Corp. (NASDAQ:FRHC) CEO Robert Wotczak sold 11,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $156.88, for a total value of $1,725,680.00. Following the sale, the chief executive officer now owns 59,000 shares of the company’s stock, valued at approximately $9,255,920. This represents a 15.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Robert Wotczak also recently made the following trade(s):

• On Monday, November 25th, Robert Wotczak sold 2,000 shares of Freedom stock. The shares were sold at an average price of $117.60, for a total transaction of $235,200.00.
• On Friday, November 22nd, Robert Wotczak sold 650 shares of Freedom stock. The stock was sold at an average price of $117.80, for a total value of $76,570.00.

Freedom Trading Down 5.4 %

Shares of FRHC stock opened at $146.11 on Friday. The company has a market cap of $8.86 billion, a PE ratio of 27.41 and a beta of 1.01. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.28 and a current ratio of 1.28. The stock’s fifty day moving average price is $138.71 and its two-hundred day moving average price is $115.51. Freedom Holding Corp. has a fifty-two week low of $64.00 and a fifty-two week high of $164.82.

Freedom (NASDAQ:FRHC) last released its quarterly earnings data on Friday, February 7th. The company reported $1.29 earnings per share (EPS) for the quarter. Freedom had a net margin of 14.99% and a return on equity of 26.63%.

Hedge Funds Weigh In On Freedom

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP acquired a new position in Freedom in the 4th quarter valued at approximately $10,589,000. D. E. Shaw & Co. Inc. increased its position in Freedom by 1,127.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 64,369 shares of the company’s stock valued at $8,412,000 after acquiring an additional 59,124 shares during the period. Geode Capital Management LLC increased its position in Freedom by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 54,034 shares of the company’s stock valued at $7,062,000 after acquiring an additional 696 shares during the period. State Street Corp increased its position in Freedom by 19.0% in the 3rd quarter. State Street Corp now owns 45,155 shares of the company’s stock valued at $4,279,000 after acquiring an additional 7,207 shares during the period. Finally, Swiss National Bank increased its position in Freedom by 1.4% in the 4th quarter. Swiss National Bank now owns 35,900 shares of the company’s stock valued at $4,692,000 after acquiring an additional 500 shares during the period. 1.26% of the stock is currently owned by institutional investors and hedge funds.

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.