Frontier Developments (LON:FDEV) Insider David John Braben Sells 5,000 Shares

Frontier Developments plc (LON:FDEV) insider David John Braben sold 5,000 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of GBX 390, for a total transaction of £19,500.

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

• On Tuesday, March 3rd, David John Braben sold 7,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 380, for a total value of £26,600.
• On Friday, February 27th, David John Braben sold 10,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 407, for a total value of £40,700.
• On Thursday, February 26th, David John Braben sold 15,000 shares of Frontier Developments stock. The shares were sold at an average price of £401.61, for a total value of £6,024,150.

Frontier Developments Stock Down 0.7%

FDEV stock opened at GBX 382.97 on Friday. The company has a debt-to-equity ratio of 19.71, a current ratio of 2.83 and a quick ratio of 2.61. The stock has a market capitalization of £138.49 million, a P/E ratio of 7.69, a P/E/G ratio of 2.11 and a beta of 0.03. The business has a 50-day moving average of GBX 448.94 and a 200-day moving average of GBX 455.36. Frontier Developments plc has a fifty-two week low of GBX 180 and a fifty-two week high of GBX 588.56.

Frontier Developments (LON:FDEV) last announced its earnings results on Wednesday, January 14th. The company reported GBX 21.40 earnings per share (EPS) for the quarter. Frontier Developments had a return on equity of 21.13% and a net margin of 19.43%. On average, sell-side analysts anticipate that Frontier Developments plc will post 7.0917759 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FDEV. Berenberg Bank boosted their price objective on shares of Frontier Developments from GBX 550 to GBX 600 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Shore Capital Group reissued a “buy” rating on shares of Frontier Developments in a research report on Thursday, November 6th. Peel Hunt increased their price objective on shares of Frontier Developments from GBX 446 to GBX 620 and gave the stock a “buy” rating in a research note on Friday, November 7th. Finally, Deutsche Bank Aktiengesellschaft upgraded Frontier Developments to a “buy” rating and raised their price objective for the company from GBX 580 to GBX 605 in a report on Wednesday, January 14th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Frontier Developments presently has an average rating of “Buy” and an average price target of GBX 608.33.

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.