Frontier Developments (LON:FDEV) Insider David John Braben Sells 7,500 Shares

Key Points

• Frontier insider David John Braben sold a total of 44,500 shares across five transactions between Feb 26 and Mar 4, including 7,500 shares on Mar 4 at an average price of GBX 382.
• Shares were trading around GBX 385 mid-day, with a 50-day/200-day moving average of GBX 448.94/455.36, a market cap of £139.23m and a P/E of 7.73.
• Analysts maintain a consensus Buy rating on FDEV with an average target price of about GBX 608.33, and several firms have recently raised targets into the GBX 600 range.

Frontier Developments plc (LON:FDEV - Get Free Report) insider David John Braben sold 7,500 shares of the company's stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of GBX 382, for a total value of £28,650.

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

• On Tuesday, March 3rd, David John Braben sold 7,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 380, for a total value 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.
• On Friday, February 27th, David John Braben sold 10,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 407, for a total transaction of £40,700.
• On Thursday, February 26th, David John Braben sold 15,000 shares of Frontier Developments stock. The shares were sold at an average price of £401.61, for a total transaction of £6,024,150.

Frontier Developments Stock Performance

Shares of FDEV traded up GBX 6.50 during mid-day trading on Friday, hitting GBX 385. 52,426 shares of the company traded hands, compared to its average volume of 155,198. The company has a debt-to-equity ratio of 19.71, a quick ratio of 2.61 and a current ratio of 2.83. The stock has a 50-day moving average price of GBX 448.94 and a two-hundred day moving average price of GBX 455.36. Frontier Developments plc has a 1 year low of GBX 180 and a 1 year high of GBX 588.56. The stock has a market cap of £139.23 million, a price-to-earnings ratio of 7.73, a P/E/G ratio of 2.11 and a beta of 0.03.

Frontier Developments (LON:FDEV - Get Free Report) last issued its earnings results on Wednesday, January 14th. The company reported GBX 21.40 earnings per share (EPS) for the quarter. Frontier Developments had a net margin of 19.43% and a return on equity of 21.13%. Equities analysts anticipate that Frontier Developments plc will post 7.0917759 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Berenberg Bank raised their target price on Frontier Developments from GBX 550 to GBX 600 and gave the stock a "buy" rating in a research report on Thursday, November 13th. Peel Hunt raised their price objective on shares of Frontier Developments from GBX 446 to GBX 620 and gave the stock a "buy" rating in a report on Friday, November 7th. Shore Capital Group restated a "buy" rating on shares of Frontier Developments in a research report on Thursday, November 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Frontier Developments to a "buy" rating and lifted their price target for the stock from GBX 580 to GBX 605 in a research note on Wednesday, January 14th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Frontier Developments presently has a consensus rating of "Buy" and an average target price 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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