Frontier Developments (LON:FDEV) Insider David John Braben Sells 7,000 Shares of Stock

Frontier Developments plc (LON:FDEV) insider David John Braben sold 7,000 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of GBX 380, for a total transaction of £26,600.

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

• 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 transaction 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 transaction 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

Shares of LON:FDEV opened at GBX 382.97 on Friday. The firm’s 50 day moving average is GBX 448.94 and its two-hundred day moving average is GBX 455.36. The firm has a market capitalization of £138.49 million, a P/E ratio of 7.69, a PEG ratio of 2.11 and a beta of 0.03. The company has a current ratio of 2.83, a quick ratio of 2.61 and a debt-to-equity ratio of 19.71. 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 issued its quarterly earnings data 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%. Analysts anticipate that Frontier Developments plc will post 7.0917759 earnings per share for the current year.

Analyst Ratings Changes

FDEV has been the subject of several recent analyst reports. Berenberg Bank increased their price target on Frontier Developments from GBX 550 to GBX 600 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Deutsche Bank Aktiengesellschaft raised shares of Frontier Developments to a “buy” rating and upped their price objective for the stock from GBX 580 to GBX 605 in a report on Wednesday, January 14th. Peel Hunt increased their target price 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. Finally, Shore Capital Group reissued a “buy” rating on shares of Frontier Developments in a research note on Thursday, November 6th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average 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.