David John Braben Sells 15,000 Shares of Frontier Developments (LON:FDEV) Stock

Key Points

• David John Braben, an insider at Frontier Developments, sold a total of 15,000 shares on September 3rd for £54,000 at an average price of GBX 360.
• Braben has been actively selling shares, with multiple transactions in the past few weeks, totaling to over £400,000 from several sales at prices mostly around GBX 360 to GBX 380.
• As of the latest trading day, Frontier Developments stock is up 1.4% and opened at GBX 375, with a market capitalization of £143.12 million.

Frontier Developments plc (LON:FDEV - Get Free Report) insider David John Braben sold 15,000 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of GBX 360, for a total transaction of £54,000.

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

• 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 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 stock was 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 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.
• On Thursday, August 28th, David John Braben sold 22,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 380, for a total transaction of £83,600.
• On Tuesday, August 26th, David John Braben sold 5,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 380, for a total transaction of £19,000.
• On Wednesday, August 27th, David John Braben sold 20,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 380, for a total transaction of £76,000.
• On Friday, August 22nd, David John Braben sold 15,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 381, for a total transaction of £57,150.

Frontier Developments Stock Up 2.5%

Shares of LON FDEV traded up GBX 9.53 during midday trading on Wednesday, hitting GBX 384.53. The company's stock had a trading volume of 295,543 shares, compared to its average volume of 83,729. The business's fifty day simple moving average is GBX 368.20 and its two-hundred day simple moving average is GBX 274.01. 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 1 year low of GBX 175.60 and a 1 year high of GBX 397. The firm has a market capitalization of £143.58 million, a price-to-earnings ratio of 933.33, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03.

Frontier Developments (LON:FDEV - Get Free Report) last posted 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 predict that Frontier Developments plc will post 7.0917759 EPS for the current year.

Analysts Set New Price Targets

Separately, Shore Capital reissued a "buy" rating on shares of Frontier Developments in a research note on Wednesday. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Frontier Developments currently has an average rating of "Moderate Buy" and a consensus target price of GBX 315.

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.