Frontier Developments (LON:FDEV) Insider David John Braben Sells 9,000 Shares

Key Points

• Insider selling: Insider David John Braben sold a total of 85,500 Frontier shares across multiple transactions from March 4–19, disposing of roughly £319,000 worth of stock.
• Analysts remain bullish: Deutsche Bank upgraded FDEV to a "buy" and raised its target to GBX 605, with the consensus average target around GBX 608 even as the stock opened at GBX 345 and was trading down about 3.1%.

Frontier Developments plc (LON:FDEV - Get Free Report) insider David John Braben sold 9,000 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of GBX 364, for a total transaction of £32,760.

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

• On Wednesday, March 18th, David John Braben sold 8,500 shares of Frontier Developments stock. The stock was sold at an average price of GBX 369, for a total value of £31,365.
• On Tuesday, March 17th, David John Braben sold 8,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 364, for a total value of £29,120.
• On Monday, March 16th, David John Braben sold 10,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 365, for a total value of £36,500.
• On Friday, March 13th, David John Braben sold 6,500 shares of Frontier Developments stock. The stock was sold at an average price of GBX 369, for a total value of £23,985.
• On Thursday, March 12th, David John Braben sold 5,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 370, for a total value of £18,500.
• On Wednesday, March 11th, David John Braben sold 8,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 384, for a total value of £30,720.
• On Tuesday, March 10th, David John Braben sold 6,500 shares of Frontier Developments stock. The shares were sold at an average price of GBX 377, for a total value of £24,505.
• On Monday, March 9th, David John Braben sold 7,500 shares of Frontier Developments stock. The stock was sold at an average price of GBX 379, for a total value of £28,425.
• On Friday, March 6th, David John Braben sold 9,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 381, for a total value of £34,290.
• On Wednesday, March 4th, David John Braben sold 7,500 shares of Frontier Developments stock. The shares were sold at an average price of GBX 382, for a total transaction of £28,650.

Frontier Developments Trading Down 3.1%

FDEV stock opened at GBX 345 on Monday. 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 company's 50-day simple moving average is GBX 429.28 and its 200 day simple moving average is GBX 456.26. Frontier Developments plc has a 52 week low of GBX 180 and a 52 week high of GBX 588.56. The company has a market capitalization of £124.76 million, a PE ratio of 6.93, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03.

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

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Frontier Developments to a "buy" rating and lifted their price target for the company from GBX 580 to GBX 605 in a research report on Wednesday, January 14th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of GBX 608.33.

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.

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