Frontier Developments (LON:FDEV) Insider David John Braben Buys 33,705 Shares of Stock

Frontier Developments plc (LON:FDEV) insider David John Braben bought 33,705 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The stock was acquired at an average price of GBX 428 per share, for a total transaction of £144,257.40.

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

• On Thursday, September 25th, David John Braben sold 33,038 shares of Frontier Developments stock. The stock was sold at an average price of GBX 411, for a total transaction of £135,786.18.
• On Wednesday, September 24th, David John Braben sold 31,181 shares of Frontier Developments stock. The shares were sold at an average price of GBX 416, for a total transaction of £129,712.96.
• 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 transaction of £114,791.04.
• On Monday, September 22nd, David John Braben acquired 25,330 shares of Frontier Developments stock. The stock was purchased at an average price 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 shares were 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 stock was purchased at an average price 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 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 acquired 8,744 shares of Frontier Developments stock. The stock was purchased 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 shares were 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.

Frontier Developments Price Performance

FDEV stock opened at GBX 448.28 on Tuesday. The firm’s 50-day moving average price is GBX 382.66 and its two-hundred day moving average price is GBX 294.83. Frontier Developments plc has a 12-month low of GBX 175.60 and a 12-month high of GBX 462.66. The stock has a market capitalization of £167.38 million, a price-to-earnings ratio of 1,088.06, a PEG ratio of 2.11 and a beta of 0.03. The company has a current ratio of 2.93, a quick ratio of 2.61 and a debt-to-equity ratio of 27.70.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on FDEV shares. Shore Capital reaffirmed a “buy” rating on shares of Frontier Developments in a research note on Wednesday, September 10th. Berenberg Bank lifted their target price on shares of 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 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 note on Friday, September 12th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Frontier Developments currently has a consensus rating of “Moderate Buy” and a consensus target price 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.