Frontier Developments (LON:FDEV) Insider Acquires £33,576.96 in Stock

Key Points

• Insider David John Braben acquired 8,744 shares of Frontier Developments at an average price of GBX 384, totaling £33,576.96 on September 12th.
• Braben has recently been active in the market, selling a total of over 73,000 shares in the days leading up to his purchase, with the last sale occurring on September 11th at an average price of GBX 388.
• Frontier Developments' stock is currently valued at GBX 409.50, reflecting a 7.1% increase, with analysts maintaining a consensus rating of "Moderate Buy" and an average price target of GBX 420.

Frontier Developments plc (LON:FDEV - Get Free Report) insider David John Braben acquired 8,744 shares of the company's stock in a transaction on Friday, September 12th. The stock was acquired at an average price of GBX 384 per share, with a total value of £33,576.96.

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

• 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 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 shares were 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 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 value of £27,776.91.
• 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 transaction of £54,000.
• On Tuesday, September 2nd, David John Braben sold 14,750 shares of Frontier Developments stock. The stock was sold at an average price of GBX 360, for a total transaction of £53,100.
• On Monday, September 1st, 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.

Frontier Developments Stock Performance

Shares of FDEV traded up GBX 2 during mid-day trading on Friday, hitting GBX 407. 196,557 shares of the company's stock were exchanged, compared to its average volume of 87,221. Frontier Developments plc has a fifty-two week low of GBX 175.60 and a fifty-two week high of GBX 417.53. The firm has a market capitalization of £151.97 million, a P/E ratio of 987.86, a P/E/G ratio of 2.11 and a beta of 0.03. The business's 50 day moving average is GBX 375.02 and its two-hundred day moving average is GBX 282.54. 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 announced its quarterly earnings data on Wednesday, September 10th. The company reported GBX 42.40 EPS for the quarter. Frontier Developments had a negative net margin of 24.05% and a negative return on equity of 30.43%. On average, equities analysts expect that Frontier Developments plc will post 7.0917759 earnings per share for the current year.

Analysts Set New Price Targets

FDEV has been the subject of several recent analyst reports. Shore Capital reaffirmed a "buy" rating on shares of Frontier Developments in a research note on Wednesday, September 10th. Berenberg Bank lifted their price target on shares of Frontier Developments from GBX 330 to GBX 450 and gave the stock a "buy" rating in a research note on Wednesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Frontier Developments from GBX 310 to GBX 390 and gave the company a "hold" rating in a report on Friday, September 12th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.