David John Braben Sells 15,000 Shares of Frontier Developments (LON:FDEV) Stock

Key Points

• David John Braben sold 15,000 shares of Frontier Developments on April 8 at GBX 370, generating £55,500, and has executed multiple insider sales over the same period.
• Across trades from March 16 to April 9 he sold a total of 108,000 shares, raising approximately £389,310.
• Frontier shares were trading around GBX 375.50 at midday; analysts have a consensus Buy rating with a target of about GBX 608.33 and the company has a market cap near £132.8 million.

Frontier Developments plc (LON:FDEV - Get Free Report) insider David John Braben sold 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of GBX 370, for a total transaction of £55,500.

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 transaction of £43,375.
• On Thursday, April 9th, David John Braben sold 13,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 367, for a total transaction of £47,710.
• On Wednesday, March 25th, David John Braben sold 9,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 346, for a total transaction of £31,140.
• On Tuesday, March 24th, David John Braben sold 6,500 shares of Frontier Developments stock. The shares were sold at an average price of GBX 339, for a total transaction 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 stock was 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 value of £36,500.

Frontier Developments Stock Performance

Shares of LON FDEV traded up GBX 10.50 during midday trading on Friday, reaching GBX 375.50. 127,027 shares of the company traded hands, compared to its average volume of 143,245. Frontier Developments plc has a 52 week low of GBX 180 and a 52 week high of GBX 588.56. The stock has a 50-day moving average price of GBX 391.01 and a 200 day moving average price of GBX 451.22. The company has a debt-to-equity ratio of 19.71, a current ratio of 2.83 and a quick ratio of 2.61. The company has a market cap of £132.81 million, a price-to-earnings ratio of 7.54, a PEG ratio of 2.11 and a beta of 0.03.

Frontier Developments (LON:FDEV - Get Free Report) last issued its quarterly earnings data on Wednesday, January 14th. The company reported GBX 21.40 earnings per share for the quarter. Frontier Developments had a net margin of 19.43% and a return on equity of 21.13%. Sell-side analysts anticipate that Frontier Developments plc will post 7.0917759 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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