Frontier Developments (LON:FDEV) Insider David John Braben Sells 21,710 Shares

Frontier Developments plc (LON:FDEV) insider David John Braben sold 21,710 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of GBX 407, for a total transaction of £88,359.70.

David John Braben also recently made the following trade(s):

• On Friday, September 19th, David John Braben bought 24,028 shares of Frontier Developments stock. The shares were acquired at an average cost of GBX 406 per share, for a total transaction of £97,553.68.
• On Wednesday, September 17th, David John Braben sold 15,635 shares of Frontier Developments stock. The stock was sold at an average price of GBX 408, for a total value of £63,790.80.
• On Friday, September 12th, David John Braben bought 8,744 shares of Frontier Developments stock. The shares were bought at an average price of GBX 384 per share, for a total transaction of £33,576.96.
• On Thursday, September 11th, David John Braben sold 8,850 shares of Frontier Developments stock. The stock was sold at an average price of GBX 388, for a total value of £34,338.
• On Wednesday, September 10th, David John Braben sold 7,643 shares of Frontier Developments stock. The stock was sold at an average price of GBX 388, for a total value of £29,654.84.
• On Tuesday, September 9th, David John Braben sold 8,605 shares of Frontier Developments stock. The stock was sold at an average price of GBX 377, for a total value of £32,440.85.
• On Monday, September 8th, David John Braben sold 7,329 shares of Frontier Developments stock. The stock was sold at an average price of GBX 379, for a total value of £27,776.91.
• On Friday, September 5th, David John Braben sold 6,769 shares of Frontier Developments stock. The stock was sold at an average price of GBX 376, for a total value of £25,451.44.
• On Thursday, September 4th, David John Braben sold 10,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 371, for a total transaction of £37,100.
• On Wednesday, September 3rd, David John Braben sold 15,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 360, for a total transaction of £54,000.

Frontier Developments Price Performance

Shares of FDEV stock traded up GBX 8.50 during trading hours on Monday, reaching GBX 415.50. The stock had a trading volume of 232,081 shares, compared to its average volume of 88,012. Frontier Developments plc has a 12 month low of GBX 175.60 and a 12 month high of GBX 420. The company has a current ratio of 2.93, a quick ratio of 2.61 and a debt-to-equity ratio of 27.70. The firm has a market capitalization of £155.14 million, a PE ratio of 1,008.50, a PEG ratio of 2.11 and a beta of 0.03. The stock’s fifty day simple moving average is GBX 375.92 and its 200 day simple moving average is GBX 285.38.

Frontier Developments (LON:FDEV) last posted its earnings results on Wednesday, September 10th. The company reported GBX 42.40 earnings per share (EPS) for the quarter. Frontier Developments had a negative net margin of 24.05% and a negative return on equity of 30.43%. On average, equities research analysts predict that Frontier Developments plc will post 7.0917759 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Berenberg Bank increased their price objective on Frontier Developments from GBX 330 to GBX 450 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Shore Capital reaffirmed a “buy” rating on shares of Frontier Developments in a report on Wednesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Frontier Developments from GBX 310 to GBX 390 and gave the company a “hold” rating in a research report on Friday, September 12th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 420.

About Frontier Developments

Frontier is a leading independent developer and publisher of video games for PC and console, creating immersive and fun gameplay, with unparalleled artistic quality.

At Frontier, we specialise in creating endless possibilities in playful, fun and creative worlds. From some of the world’s biggest licensed entertainment and sporting franchises, to intricately crafted worlds where players can explore and make their mark, our games are all underpinned by our unwavering passion for creating compelling and innovative experiences that continue to inspire and delight our players.

We have created games that have defined genres, been critically acclaimed, and reached many millions of players.