Insider Selling: Frontier Developments (LON:FDEV) Insider Sells 5,084 Shares

Frontier Developments plc (LON:FDEV) insider Alex Bevis sold 5,084 shares of Frontier Developments stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of GBX 404, for a total transaction of £20,539.36.

Frontier Developments Price Performance

FDEV stock opened at GBX 398.75 on Wednesday. The firm has a market cap of £138.50 million, a price-to-earnings ratio of 8.01, a PEG 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. Frontier Developments plc has a 12-month low of GBX 291 and a 12-month high of GBX 588.56. The company’s fifty day simple moving average is GBX 396.96 and its 200 day simple moving average is GBX 416.87.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on FDEV shares. Shore Capital Group restated a “buy” rating and set a GBX 650 target price on shares of Frontier Developments in a research report on Wednesday, June 10th. Berenberg Bank reiterated a “buy” rating and issued a GBX 600 target price on shares of Frontier Developments in a report on Wednesday, June 10th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 618.75.

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.