Kairat Akhmetov, Chairman of the Management Board at Freedom Telecom (BCBA:TECO2m) Operations LLP, recently executed two significant stock sales involving Freedom Holding Corp. (NASDAQ:FRHC), a $7.2 billion market cap company whose shares have surged 48% year-to-date. According to a recent SEC filing, Akhmetov sold a total of 6,100 shares over two transactions.
On November 29, Akhmetov sold 600 shares at a price of $119.8 each. Following this, on December 2, he sold an additional 5,500 shares at $120.44 per share. Collectively, these transactions amounted to a total value of $734,300. After these sales, Akhmetov retains ownership of 133,900 shares in the company. The sales occurred with the stock trading near its 52-week high of $123.17, at a P/E ratio of 21x. According to InvestingPro analysis, the stock appears to be slightly overvalued at current levels.
These transactions were reported in accordance with SEC regulations, providing transparency to investors and stakeholders regarding insider trading activities. For deeper insights into insider transactions and additional financial metrics, InvestingPro offers comprehensive analysis with 8 more key tips about FRHC's valuation and performance.
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