Insider Selling: Frontier Developments (LON:FDEV) Insider Sells 8,850 Shares of Stock

Key Points

• David John Braben, an insider at Frontier Developments, recently sold a total of 8,850 shares at an average price of GBX 388, accumulating approximately £34,338 from this transaction.
• Frontier Developments has seen substantial insider selling over the past few weeks, with multiple transactions totaling over £200,000 from September 1 to September 11.
• Despite these sales, analysts maintain a consensus rating of "Moderate Buy" for the stock, with an average target price of GBX 420, indicating potential growth ahead.

Frontier Developments plc (LON:FDEV - Get Free Report) insider David John Braben sold 8,850 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of GBX 388, for a total transaction of £34,338.

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

• On Friday, September 12th, David John Braben purchased 8,744 shares of Frontier Developments stock. The stock was acquired at an average cost of GBX 384 per share, for a total transaction of £33,576.96.
• 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 shares were sold at an average price of GBX 377, for a total transaction of £32,440.85.
• On Monday, September 8th, David John Braben sold 7,329 shares of Frontier Developments stock. The stock was sold at an average price of GBX 379, for a total transaction of £27,776.91.
• On Friday, September 5th, David John Braben sold 6,769 shares of Frontier Developments stock. The shares were sold at an average price of GBX 376, for a total transaction 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 transaction 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 transaction of £83,600.

Frontier Developments Stock Down 0.5%

LON FDEV traded down GBX 2 on Wednesday, hitting GBX 406. 125,987 shares of the company were exchanged, compared to its average volume of 85,845. The stock has a fifty day moving average of GBX 374.06 and a 200-day moving average of GBX 281.06. The company has a market cap of £151.60 million, a PE ratio of 985.44, a PEG ratio of 2.11 and a beta of 0.03. 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 plc has a 12 month low of GBX 175.60 and a 12 month high of GBX 417.53.

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

Analysts Set New Price Targets

A number of research firms recently weighed in on FDEV. 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. Shore Capital reiterated a "buy" rating on shares of Frontier Developments in a report on Wednesday, September 10th. Finally, Berenberg Bank upped their target price on Frontier Developments from GBX 330 to GBX 450 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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.