Frontier Developments (LON:FDEV) Insider David John Braben Sells 8,000 Shares

Frontier Developments plc (LON:FDEV) insider David John Braben sold 8,000 shares of the stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of GBX 384, for a total transaction of £30,720.

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

• On Tuesday, March 10th, David John Braben sold 6,500 shares of Frontier Developments stock. The shares were sold at an average price of GBX 377, for a total transaction of £24,505.
• On Monday, March 9th, David John Braben sold 7,500 shares of Frontier Developments stock. The shares were sold at an average price of GBX 379, for a total transaction of £28,425.
• On Friday, March 6th, David John Braben sold 9,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 381, for a total transaction of £34,290.
• On Wednesday, March 4th, David John Braben sold 7,500 shares of Frontier Developments stock. The stock was 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 shares were 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 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 stock was sold at an average price of £401.61, for a total value of £6,024,150.

Frontier Developments Price Performance

Shares of FDEV stock opened at GBX 372 on Friday. The company has a debt-to-equity ratio of 19.71, a quick ratio of 2.61 and a current ratio of 2.83. Frontier Developments plc has a fifty-two week low of GBX 180 and a fifty-two week high of GBX 588.56. The firm has a market cap of £134.53 million, a P/E ratio of 7.47, a P/E/G ratio of 2.11 and a beta of 0.03. The business’s 50 day moving average price is GBX 442.61 and its 200-day moving average price is GBX 455.51.

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 return on equity of 21.13% and a net margin of 19.43%. On average, equities research analysts anticipate that Frontier Developments plc will post 7.0917759 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on FDEV. Berenberg Bank upped their price objective on shares of Frontier Developments from GBX 550 to GBX 600 and gave the stock a “buy” rating in a report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft upgraded shares of Frontier Developments to a “buy” rating and boosted their price target for the company from GBX 580 to GBX 605 in a research report on Wednesday, January 14th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Frontier Developments presently has an average rating of “Buy” and a consensus target price of GBX 608.33.

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.