Frontier Developments (LON:FDEV) Insider David John Braben Sells 7,500 Shares of Stock

Frontier Developments plc (LON:FDEV) insider David John Braben sold 7,500 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of GBX 382, for a total value of £28,650.

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 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 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 value of £6,024,150.

Frontier Developments Trading Up 0.6%

Shares of Frontier Developments stock opened at GBX 380.84 on Friday. The stock has a market capitalization of £137.72 million, a P/E ratio of 7.65, a P/E/G ratio of 2.11 and a beta of 0.03. Frontier Developments plc has a 52-week low of GBX 180 and a 52-week high of GBX 588.56. The company has a debt-to-equity ratio of 19.71, a quick ratio of 2.61 and a current ratio of 2.83. The stock’s 50-day simple moving average is GBX 447.84 and its 200 day simple moving average is GBX 455.44.

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

Analyst Ratings Changes

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