David John Braben Sells 42,162 Shares of Frontier Developments (LON:FDEV) Stock

Key Points

• David John Braben sold a total of 42,162 shares of Frontier Developments, valued at approximately £193,523.58, in a transaction on October 2nd at an average price of GBX 459.
• Despite recent insider selling, Frontier Developments has received positive ratings from analysts, with price targets raised by firms such as Deutsche Bank and Berenberg Bank.
• The company's stock is currently rated as a "Moderate Buy" with a consensus price target of GBX 420, indicating some level of analyst confidence in the stock's future performance.

Frontier Developments plc (LON:FDEV - Get Free Report) insider David John Braben sold 42,162 shares of the firm's stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of GBX 459, for a total value of £193,523.58.

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

• On Thursday, September 25th, David John Braben sold 33,038 shares of Frontier Developments stock. The stock was sold at an average price of GBX 411, for a total value of £135,786.18.
• On Friday, September 26th, David John Braben purchased 33,705 shares of Frontier Developments stock. The shares were purchased at an average cost of GBX 428 per share, with a total value of £144,257.40.
• On Wednesday, September 24th, David John Braben sold 31,181 shares of Frontier Developments stock. The stock was sold at an average price of GBX 416, for a total value of £129,712.96.
• On Tuesday, September 23rd, David John Braben sold 27,594 shares of Frontier Developments stock. The stock was sold at an average price of GBX 416, for a total value of £114,791.04.
• On Monday, September 22nd, David John Braben purchased 25,330 shares of Frontier Developments stock. The shares were purchased at an average cost of GBX 418 per share, with a total value of £105,879.40.
• On Thursday, September 18th, David John Braben sold 21,710 shares of Frontier Developments stock. The stock was sold at an average price of GBX 407, for a total value of £88,359.70.
• On Friday, September 19th, David John Braben purchased 24,028 shares of Frontier Developments stock. The shares were purchased at an average cost of GBX 406 per share, with a total value 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 value of £63,790.80.
• On Friday, September 12th, David John Braben purchased 8,744 shares of Frontier Developments stock. The shares were purchased 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 shares were sold at an average price of GBX 388, for a total value of £34,338.

Frontier Developments Stock Performance

Shares of LON FDEV traded up GBX 2 during trading on Friday, reaching GBX 459.50. 88,250 shares of the company traded hands, compared to its average volume of 92,196. The firm's fifty day simple moving average is GBX 388.12 and its 200 day simple moving average is GBX 298.78. The stock has a market cap of £171.57 million, a P/E ratio of 1,115.29, a PEG ratio of 2.11 and a beta of 0.03. Frontier Developments plc has a 12-month low of GBX 175.60 and a 12-month high of GBX 465. The company has a current ratio of 2.93, a quick ratio of 2.61 and a debt-to-equity ratio of 27.70.

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

Analysts Set New Price Targets

FDEV has been the subject of a number of recent research reports. Shore Capital reiterated a "buy" rating on shares of Frontier Developments in a research note on Wednesday, September 10th. Deutsche Bank Aktiengesellschaft lifted their price target on Frontier Developments from GBX 310 to GBX 390 and gave the company a "hold" rating in a research note on Friday, September 12th. Finally, Berenberg Bank lifted their price target 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 assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of GBX 420.

About Frontier Developments

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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