Insider Selling: Frontier Developments (LON:FDEV) Insider Sells 8,000 Shares of Stock

Frontier Developments plc (LON:FDEV) insider David John Braben sold 8,000 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of GBX 364, for a total value of £29,120.

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

• On Monday, March 16th, David John Braben sold 10,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 365, for a total value of £36,500.
• On Friday, March 13th, David John Braben sold 6,500 shares of Frontier Developments stock. The shares were sold at an average price of GBX 369, for a total value of £23,985.
• On Thursday, March 12th, David John Braben sold 5,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 370, for a total value of £18,500.
• On Wednesday, March 11th, David John Braben sold 8,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 384, for a total value of £30,720.
• On Tuesday, March 10th, David John Braben sold 6,500 shares of Frontier Developments stock. The stock was sold at an average price of GBX 377, for a total value of £24,505.
• On Monday, March 9th, David John Braben sold 7,500 shares of Frontier Developments stock. The shares were sold at an average price of GBX 379, for a total transaction of £28,425.
• 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 transaction 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 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 transaction of £19,500.

Frontier Developments Price Performance

LON FDEV traded up GBX 1.51 on Wednesday, reaching GBX 369.01. The company had a trading volume of 23,917 shares, compared to its average volume of 148,414. The stock has a market capitalization of £133.45 million, a PE ratio of 7.41, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. Frontier Developments plc has a 12 month low of GBX 180 and a 12 month high of GBX 588.56. 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 moving average price is GBX 435.79 and its 200 day moving average price is GBX 456.36.

Frontier Developments (LON:FDEV) last released its quarterly earnings data on Wednesday, January 14th. The company reported GBX 21.40 EPS 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 predict that Frontier Developments plc will post 7.0917759 earnings per share for the current year.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft raised Frontier Developments to a “buy” rating and increased their price target for the company from GBX 580 to GBX 605 in a research note on Wednesday, January 14th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Frontier Developments currently has a consensus rating of “Buy” and a consensus 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.