Insider Buying: Frontier Developments (LON:FDEV) Insider Buys 24,028 Shares of Stock

Frontier Developments plc (LON:FDEV) insider David John Braben bought 24,028 shares of Frontier Developments stock in a transaction that occurred on Friday, September 19th. The stock was bought at an average cost of GBX 406 per share, with a total value of £97,553.68.

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

• On Wednesday, September 17th, David John Braben sold 15,635 shares of Frontier Developments stock. The stock was sold at an average price of GBX 408, for a total transaction of £63,790.80.
• On Friday, September 12th, David John Braben bought 8,744 shares of Frontier Developments stock. The stock was bought at an average cost of GBX 384 per share, with a total value of £33,576.96.
• On Thursday, September 11th, David John Braben sold 8,850 shares of Frontier Developments stock. The stock was sold at an average price of GBX 388, for a total transaction of £34,338.
• On Wednesday, September 10th, David John Braben sold 7,643 shares of Frontier Developments stock. The stock was sold at an average price of GBX 388, for a total transaction of £29,654.84.
• On Tuesday, September 9th, David John Braben sold 8,605 shares of Frontier Developments stock. The stock was sold at an average price of GBX 377, for a total transaction of £32,440.85.
• On Monday, September 8th, David John Braben sold 7,329 shares of Frontier Developments stock. The stock was sold at an average price of GBX 379, for a total transaction of £27,776.91.
• On Friday, September 5th, David John Braben sold 6,769 shares of Frontier Developments stock. The stock was sold at an average price of GBX 376, for a total transaction of £25,451.44.
• On Thursday, September 4th, David John Braben sold 10,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 371, for a total transaction of £37,100.
• On Wednesday, September 3rd, David John Braben sold 15,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 360, for a total transaction of £54,000.
• On Tuesday, September 2nd, David John Braben sold 14,750 shares of Frontier Developments stock. The stock was sold at an average price of GBX 360, for a total transaction of £53,100.

Frontier Developments Trading Up 2.0%

Shares of LON:FDEV opened at GBX 415 on Monday. The company’s 50-day moving average price is GBX 375.92 and its two-hundred day moving average price is GBX 285.38. The company has a debt-to-equity ratio of 27.70, a current ratio of 2.93 and a quick ratio of 2.61. Frontier Developments plc has a one year low of GBX 175.60 and a one year high of GBX 420. The stock has a market capitalization of £154.96 million, a PE ratio of 1,007.28, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03.

Frontier Developments (LON:FDEV) last issued its quarterly earnings results on Wednesday, September 10th. The company reported GBX 42.40 EPS for the quarter. Frontier Developments had a negative net margin of 24.05% and a negative return on equity of 30.43%. On average, equities analysts forecast that Frontier Developments plc will post 7.0917759 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FDEV has been the topic of several analyst reports. Berenberg Bank boosted their price target on shares of Frontier Developments from GBX 330 to GBX 450 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Frontier Developments from GBX 310 to GBX 390 and gave the stock a “hold” rating in a research report on Friday, September 12th. Finally, Shore Capital reissued a “buy” rating on shares of Frontier Developments in a research report on Wednesday, September 10th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Frontier Developments presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 420.

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.