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 company’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of GBX 379, for a total value of £28,425.

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

• On Friday, March 6th, David John Braben sold 9,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 381, for a total value 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 transaction of £28,650.
• 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 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 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 shares were sold at an average price of £401.61, for a total value of £6,024,150.

Frontier Developments Trading Up 2.7%

LON FDEV opened at GBX 382.50 on Wednesday. Frontier Developments plc has a 52 week low of GBX 180 and a 52 week high of GBX 588.56. The business has a 50 day moving average price of GBX 445.22 and a 200-day moving average price of GBX 456.60. 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 cap of £138.32 million, a price-to-earnings ratio of 7.68, a P/E/G ratio of 2.11 and a beta of 0.03.

Frontier Developments (LON:FDEV) last posted 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, equities analysts expect that Frontier Developments plc will post 7.0917759 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FDEV. Deutsche Bank Aktiengesellschaft upgraded Frontier Developments to a “buy” rating and boosted their price objective for the company from GBX 580 to GBX 605 in a research note on Wednesday, January 14th. Berenberg Bank lifted their price objective on Frontier Developments from GBX 550 to GBX 600 and gave the company a “buy” rating in a research note on Thursday, November 13th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Frontier Developments currently has a consensus 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.