Frontier Developments (LON:FDEV) Insider David John Braben Sells 31,181 Shares

Frontier Developments plc (LON:FDEV) insider David John Braben sold 31,181 shares of the company’s stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of GBX 416, for a total value of £129,712.96.

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

• On Tuesday, September 23rd, David John Braben sold 27,594 shares of Frontier Developments stock. The shares were sold at an average price of GBX 416, for a total value of £114,791.04.
• On Monday, September 22nd, David John Braben purchased 25,330 shares of Frontier Developments stock. The stock was bought at an average cost of GBX 418 per share, for a total transaction of £105,879.40.
• On Thursday, September 18th, David John Braben sold 21,710 shares of Frontier Developments stock. The stock was sold at an average price of GBX 407, for a total transaction of £88,359.70.
• On Friday, September 19th, David John Braben acquired 24,028 shares of Frontier Developments stock. The shares were bought at an average price of GBX 406 per share, with a total value of £97,553.68.
• On Wednesday, September 17th, David John Braben sold 15,635 shares of Frontier Developments stock. The shares were sold at an average price of GBX 408, for a total transaction 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 cost of GBX 384 per share, with a total value 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 transaction of £34,338.
• On Wednesday, September 10th, David John Braben sold 7,643 shares of Frontier Developments stock. The shares were sold at an average price of GBX 388, for a total transaction 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 shares were sold at an average price of GBX 379, for a total value of £27,776.91.

Frontier Developments Stock Performance

LON FDEV opened at GBX 415.50 on Friday. The company has a debt-to-equity ratio of 27.70, a current ratio of 2.93 and a quick ratio of 2.61. The stock’s 50 day simple moving average is GBX 379.90 and its 200-day simple moving average is GBX 290.31. The company has a market cap of £155.14 million, a PE ratio of 1,008.50, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. Frontier Developments plc has a 1-year low of GBX 175.60 and a 1-year high of GBX 420.

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

Wall Street Analyst Weigh In

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

Frontier Developments Company Profile

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.