Freedom Holding Corp. board member sells shares worth $1.05 million

Published 03/03/2025, 04:12 PM
Freedom Holding Corp. board member sells shares worth $1.05 million

Aidos Zhumagulov, a board member of Freedom Holding Corp. (NASDAQ:FRHC), recently sold a significant amount of the company’s common stock. According to an SEC filing, Zhumagulov disposed of 7,227 shares in three separate transactions between December 2, 2024, and February 28, 2025. The shares were sold at prices ranging from $120 to $150 per share, amounting to a total value of approximately $1,045,050. The sales come as FRHC, currently valued at $8.8 billion, has seen its stock surge 93.8% over the past year. According to InvestingPro, the company is trading above its Fair Value with a P/E ratio of 27.

Following these transactions, Zhumagulov holds 144,786 shares of Freedom Holding Corp. The sales reflect a reduction in his direct ownership of the company’s stock. Zhumagulov serves as an advisor to the Development and International Cooperation Department at Freedom KZ and is also a member of the Freedom Bank KZ board. The company maintains a strong financial position with a "GOOD" overall health score and impressive revenue growth of 79% in the last twelve months, according to InvestingPro, which offers 6 additional key insights about FRHC’s performance.

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