Insider Selling: Frontier Developments (LON:FDEV) Insider Sells £88,359.70 in Stock

Frontier Developments plc (LON:FDEV) insider David John Braben sold 21,710 shares of the business’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of GBX 407, for a total transaction of £88,359.70.

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

• On Monday, September 22nd, David John Braben acquired 25,330 shares of Frontier Developments stock. The stock was purchased at an average cost of GBX 418 per share, with a total value of £105,879.40.
• On Friday, September 19th, David John Braben purchased 24,028 shares of Frontier Developments stock. The shares were acquired at an average price of GBX 406 per share, for a total transaction of £97,553.68.
• 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 shares were acquired at an average cost of GBX 384 per share, for a total transaction 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 shares were 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 shares were 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.

Frontier Developments Trading Down 0.4%

Shares of FDEV opened at GBX 414 on Thursday. Frontier Developments plc has a twelve month low of GBX 175.60 and a twelve month high of GBX 420. The company has a market cap of £154.58 million, a P/E ratio of 1,004.85, a P/E/G ratio of 2.11 and a beta of 0.03. The company has a current ratio of 2.93, a quick ratio of 2.61 and a debt-to-equity ratio of 27.70. The company’s fifty day simple moving average is GBX 378.97 and its 200-day simple moving average is GBX 288.75.

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

Analyst Ratings Changes

FDEV has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Frontier Developments from GBX 310 to GBX 390 and gave the company a “hold” rating in a report on Friday, September 12th. Shore Capital reissued a “buy” rating on shares of Frontier Developments in a report on Wednesday, September 10th. Finally, Berenberg Bank increased their price objective on Frontier Developments from GBX 330 to GBX 450 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.