Frontier Developments (LON:FDEV) Insider David John Braben Sells 7,329 Shares

Key Points

• David John Braben, insider of Frontier Developments, sold a total of 7,329 shares on September 8th for approximately £27,776.
• In the week leading up to this sale, Braben had multiple transactions, selling a total of over 75,000 shares, indicating significant insider trading activity.
• As of September 9th, Frontier Developments stock traded down 0.5% to GBX 375, amid fluctuating trading volumes and market caps.

Frontier Developments plc (LON:FDEV - Get Free Report) insider David John Braben sold 7,329 shares of the company's stock in a transaction on Monday, September 8th. The stock was sold at an average price of GBX 379, for a total value of £27,776.91.

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

• 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 value 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 value of £29,654.84.
• On Tuesday, September 9th, David John Braben sold 8,605 shares of Frontier Developments stock. The stock was sold at an average price of GBX 377, for a total value of £32,440.85.
• On Friday, September 5th, David John Braben sold 6,769 shares of Frontier Developments stock. The stock was sold at an average price of GBX 376, for a total value 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 value of £37,100.
• On Wednesday, September 3rd, David John Braben sold 15,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 360, for a total value of £54,000.
• On Tuesday, September 2nd, David John Braben sold 14,750 shares of Frontier Developments stock. The shares were sold at an average price of GBX 360, for a total value of £53,100.
• On Monday, September 1st, 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 Thursday, August 28th, David John Braben sold 22,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 380, for a total value of £83,600.
• On Tuesday, August 26th, David John Braben sold 5,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 380, for a total value of £19,000.

Frontier Developments Stock Up 0.7%

Frontier Developments stock traded up GBX 2.50 during midday trading on Friday, reaching GBX 382.50. The company's stock had a trading volume of 92,350 shares, compared to its average volume of 83,804. The stock's 50-day simple moving average is GBX 370.13 and its 200-day simple moving average is GBX 276.60. The company has a debt-to-equity ratio of 27.70, a current ratio of 2.93 and a quick ratio of 2.61. Frontier Developments plc has a 52-week low of GBX 175.60 and a 52-week high of GBX 397. The stock has a market capitalization of £142.82 million, a P/E ratio of 928.40, a PEG ratio of 2.11 and a beta of 0.03.

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

Analysts Set New Price Targets

FDEV has been the subject of a number of research analyst reports. Berenberg Bank increased 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. Shore Capital reissued a "buy" rating on shares of Frontier Developments in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Frontier Developments from GBX 310 to GBX 390 and gave the company a "hold" rating in a report on Friday. Two 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, Frontier Developments presently has a consensus rating of "Moderate Buy" and a consensus price target 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.