David John Braben Sells 9,000 Shares of Frontier Developments (LON:FDEV) Stock

Frontier Developments plc (LON:FDEV) insider David John Braben sold 9,000 shares of the company’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of GBX 381, for a total transaction of £34,290.

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

• On Wednesday, March 4th, David John Braben sold 7,500 shares of Frontier Developments stock. The shares were sold at an average price of GBX 382, for a total value of £28,650.
• On Tuesday, March 3rd, David John Braben sold 7,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 380, for a total value of £26,600.
• On Monday, March 2nd, David John Braben sold 5,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 390, for a total value of £19,500.
• On Friday, February 27th, David John Braben sold 10,000 shares of Frontier Developments stock. The stock was 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 stock was sold at an average price of £401.61, for a total transaction of £6,024,150.

Frontier Developments Price Performance

LON FDEV opened at GBX 375 on Tuesday. The firm’s 50 day moving average is GBX 446.56 and its 200-day moving average is GBX 456.58. The company has a quick ratio of 2.61, a current ratio of 2.83 and a debt-to-equity ratio of 19.71. The company has a market capitalization of £135.61 million, a PE ratio of 7.53, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. Frontier Developments plc has a 12-month low of GBX 180 and a 12-month high of GBX 588.56.

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

Analyst Upgrades and Downgrades

FDEV has been the subject of several analyst reports. 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. Berenberg Bank upped their target price on Frontier Developments from GBX 550 to GBX 600 and gave the stock a “buy” rating in a report on Thursday, November 13th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus 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.