David John Braben Sells 8,000 Shares of Frontier Developments (LON:FDEV) Stock

Key Points

• Insider selling: Director David John Braben sold a total of 80,000 Frontier Developments shares across multiple trades in early–mid March, generating roughly £300,795 in proceeds.
• Market view: Frontier trades around GBX 369 with a market cap of £133.45m and a P/E of 7.41, and analysts hold a consensus Buy rating with an average target of GBX 608.33 (Deutsche Bank raised its target to GBX 605).

Frontier Developments plc (LON:FDEV - Get Free Report) insider David John Braben sold 8,000 shares of the business's stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of GBX 364, for a total value of £29,120.

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

• On Monday, March 16th, David John Braben sold 10,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 365, for a total transaction of £36,500.
• On Friday, March 13th, David John Braben sold 6,500 shares of Frontier Developments stock. The stock was sold at an average price of GBX 369, for a total transaction of £23,985.
• On Thursday, March 12th, David John Braben sold 5,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 370, for a total transaction of £18,500.
• On Wednesday, March 11th, David John Braben sold 8,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 384, for a total transaction of £30,720.
• On Tuesday, March 10th, David John Braben sold 6,500 shares of Frontier Developments stock. The shares were sold at an average price of GBX 377, for a total transaction of £24,505.
• On Monday, March 9th, David John Braben sold 7,500 shares of Frontier Developments stock. The stock was sold at an average price of GBX 379, for a total transaction of £28,425.
• On Friday, March 6th, David John Braben sold 9,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 381, for a total transaction of £34,290.
• On Wednesday, March 4th, David John Braben sold 7,500 shares of Frontier Developments stock. The stock was sold at an average price of GBX 382, for a total transaction of £28,650.
• On Tuesday, March 3rd, David John Braben sold 7,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 380, for a total transaction of £26,600.
• On Monday, March 2nd, David John Braben sold 5,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 390, for a total value of £19,500.

Frontier Developments Stock Performance

Frontier Developments stock traded up GBX 1.51 during trading on Wednesday, reaching GBX 369.01. The company had a trading volume of 23,917 shares, compared to its average volume of 148,414. Frontier Developments plc has a 52 week low of GBX 180 and a 52 week high of GBX 588.56. The firm's 50-day simple moving average is GBX 435.79 and its 200 day simple moving average is GBX 456.36. The firm has a market capitalization of £133.45 million, a price-to-earnings ratio of 7.41, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. 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 released its earnings results on Wednesday, January 14th. The company reported GBX 21.40 earnings per share for the quarter. Frontier Developments had a return on equity of 21.13% and a net margin of 19.43%. Sell-side analysts forecast 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 Frontier Developments to a "buy" rating and boosted their price objective for the company from GBX 580 to GBX 605 in a research note on Wednesday, January 14th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of GBX 608.33.

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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