Frontier Developments (LON:FDEV) Insider David John Braben Sells 10,000 Shares of Stock

Frontier Developments plc (LON:FDEV) insider David John Braben sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of GBX 407, for a total value of £40,700.

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 transaction 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 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

LON FDEV opened at GBX 382.97 on Friday. The company has a market cap of £138.49 million, a PE ratio of 7.69, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. 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 firm’s 50-day simple moving average is GBX 448.94 and its two-hundred day simple moving average is GBX 455.36. Frontier Developments plc has a 52 week low of GBX 180 and a 52 week high of GBX 588.56.

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FDEV. Berenberg Bank lifted their target price on shares of Frontier Developments from GBX 550 to GBX 600 and gave the company a “buy” rating in a research report on Thursday, November 13th. Peel Hunt raised their price objective on shares of Frontier Developments from GBX 446 to GBX 620 and gave the company a “buy” rating in a research report on Friday, November 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Frontier Developments to a “buy” rating and upped their target price for the stock from GBX 580 to GBX 605 in a research report on Wednesday, January 14th. Finally, Shore Capital Group restated a “buy” rating on shares of Frontier Developments in a research report on Thursday, November 6th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price 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.