David John Braben Sells 21,710 Shares of Frontier Developments (LON:FDEV) Stock

Key Points

• David John Braben, an insider at Frontier Developments, sold 21,710 shares at an average price of GBX 407, totaling approximately £88,360.
• Despite recent sales, Braben also purchased 24,028 shares at GBX 406, indicating continued investment in the company.
• Equities analysts raised price targets for Frontier Developments, with a new average target of GBX 420 and ratings varying from "buy" to "hold."

Frontier Developments plc (LON:FDEV - Get Free Report) insider David John Braben sold 21,710 shares of the firm's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of GBX 407, for a total transaction of £88,359.70.

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

• On Friday, September 19th, David John Braben acquired 24,028 shares of Frontier Developments stock. The stock was acquired at an average cost of GBX 406 per share, for a total transaction of £97,553.68.
• 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 transaction of £63,790.80.
• On Friday, September 12th, David John Braben acquired 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 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 transaction 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 transaction 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 shares were 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 shares were 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 transaction of £54,000.

Frontier Developments Price Performance

LON:FDEV traded up GBX 8.50 during trading hours on Monday, hitting GBX 415.50. 232,081 shares of the stock traded hands, compared to its average volume of 88,012. The company has a quick ratio of 2.61, a current ratio of 2.93 and a debt-to-equity ratio of 27.70. Frontier Developments plc has a 1 year low of GBX 175.60 and a 1 year high of GBX 420. The company has a market cap of £155.14 million, a price-to-earnings ratio of 1,008.50, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. The stock has a 50 day moving average price of GBX 377.01 and a 200 day moving average price of GBX 286.98.

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Berenberg Bank lifted their price target on shares of Frontier Developments from GBX 330 to GBX 450 and gave the company a "buy" rating in a report on Wednesday, September 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Frontier Developments from GBX 310 to GBX 390 and gave the company a "hold" rating in a research report on Friday, September 12th. Finally, Shore Capital reiterated a "buy" rating on shares of Frontier Developments in a research report on Wednesday, September 10th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Frontier Developments currently 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.