David John Braben Sells 50,000 Shares of Frontier Developments (LON:FDEV) Stock

Key Points

• David John Braben sold 50,000 Frontier shares on April 21 at GBX 390 (£195,000) and has sold 146,000 shares in recent weeks while purchasing 20,000 on April 14, a net disposal of 126,000 shares over the period.
• Frontier shares opened at GBX 383 (below the 200-day MA of GBX 448.55), the company has a market cap of £135.47m and analysts hold a consensus Buy rating with a price target around GBX 608.33.

Frontier Developments plc (LON:FDEV - Get Free Report) insider David John Braben sold 50,000 shares of the business's stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of GBX 390, for a total transaction of £195,000.

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

• On Thursday, April 16th, David John Braben sold 6,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 393, for a total transaction of £23,580.
• On Wednesday, April 15th, David John Braben sold 12,500 shares of Frontier Developments stock. The stock was sold at an average price of GBX 385, for a total transaction of £48,125.
• On Tuesday, April 14th, David John Braben purchased 20,000 shares of Frontier Developments stock. The shares were acquired at an average cost of GBX 378 per share, for a total transaction of £75,600.
• On Monday, April 13th, David John Braben sold 12,500 shares of Frontier Developments stock. The stock was sold at an average price of GBX 369, for a total transaction of £46,125.
• On Tuesday, April 7th, David John Braben sold 12,500 shares of Frontier Developments stock. The stock was sold at an average price of GBX 347, for a total transaction of £43,375.
• On Wednesday, April 8th, David John Braben sold 15,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 370, for a total transaction of £55,500.
• On Thursday, April 9th, David John Braben sold 13,000 shares of Frontier Developments stock. The stock was 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 stock was 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.

Frontier Developments Trading Down 1.3%

Shares of LON:FDEV opened at GBX 383 on Wednesday. The company's 50-day moving average price is GBX 377.99 and its two-hundred day moving average price is GBX 448.55. The company has a debt-to-equity ratio of 19.71, a current ratio of 2.83 and a quick ratio of 2.61. Frontier Developments plc has a one year low of GBX 180 and a one year high of GBX 588.56. The stock has a market capitalization of £135.47 million, a PE ratio of 7.69, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft raised 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 analysts have rated the stock with a Buy rating, According to MarketBeat, Frontier Developments presently has a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.