David John Braben Sells 13,000 Shares of Frontier Developments (LON:FDEV) Stock

Key Points

• David John Braben sold 13,000 Frontier Developments shares on April 9 and has been repeatedly selling stock across multiple transactions in March–April.
• Across the period listed he sold a total of 108,000 shares for approximately £389,310.
• Frontier shares traded at GBX 375.50 (up GBX 10.50) and the stock has an average analyst consensus of Buy with a consensus price target of around GBX 608.33.

Frontier Developments plc (LON:FDEV - Get Free Report) insider David John Braben sold 13,000 shares of the stock in a transaction on Thursday, April 9th. The stock was sold at an average price of GBX 367, for a total value of £47,710.

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

• On Tuesday, April 7th, David John Braben sold 12,500 shares of Frontier Developments stock. The shares were sold at an average price of GBX 347, for a total value of £43,375.
• On Wednesday, April 8th, David John Braben sold 15,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 370, for a total value of £55,500.
• On Wednesday, March 25th, David John Braben sold 9,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 346, for a total value of £31,140.
• On Tuesday, March 24th, David John Braben sold 6,500 shares of Frontier Developments stock. The stock was sold at an average price of GBX 339, for a total value of £22,035.
• On Monday, March 23rd, David John Braben sold 9,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 352, for a total transaction of £31,680.
• On Friday, March 20th, David John Braben sold 7,500 shares of Frontier Developments stock. The stock was sold at an average price of GBX 375, for a total transaction of £28,125.
• On Thursday, March 19th, David John Braben sold 9,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 364, for a total transaction of £32,760.
• On Wednesday, March 18th, David John Braben sold 8,500 shares of Frontier Developments stock. The stock was sold at an average price of GBX 369, for a total transaction of £31,365.
• On Tuesday, March 17th, David John Braben sold 8,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 364, for a total transaction of £29,120.
• On Monday, March 16th, David John Braben sold 10,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 365, for a total transaction of £36,500.

Frontier Developments Stock Performance

Shares of Frontier Developments stock traded up GBX 10.50 during trading on Friday, hitting GBX 375.50. 127,027 shares of the stock were exchanged, compared to its average volume of 143,245. Frontier Developments plc has a 1-year low of GBX 180 and a 1-year high of GBX 588.56. The stock has a market capitalization of £132.81 million, a price-to-earnings ratio of 7.54, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. The company has a fifty day moving average price of GBX 391.01 and a 200-day moving average price of GBX 451.22. The company has a current ratio of 2.83, a quick ratio of 2.61 and a debt-to-equity ratio of 19.71.

Frontier Developments (LON:FDEV - Get Free Report) last announced its earnings results on Wednesday, January 14th. The company reported GBX 21.40 earnings per share (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 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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