Frontier Developments (LON:FDEV) Insider Sells £129,712.96 in Stock

Key Points

• David John Braben, an insider at Frontier Developments, sold shares totaling £129,712.96 on September 24, at an average price of GBX 416 per share.
• Frontier Developments stock experienced a slight increase of 0.4%, trading at GBX 415.50, with a market capitalization of £155.14 million.
• Analysts have raised their target prices for Frontier Developments, with Berenberg Bank increasing their target from GBX 330 to GBX 450 and maintaining a "buy" rating.

Frontier Developments plc (LON:FDEV - Get Free Report) insider David John Braben sold 31,181 shares of the stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of GBX 416, for a total transaction of £129,712.96.

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

• On Tuesday, September 23rd, David John Braben sold 27,594 shares of Frontier Developments stock. The shares were sold at an average price of GBX 416, for a total transaction of £114,791.04.
• On Monday, September 22nd, David John Braben bought 25,330 shares of Frontier Developments stock. The stock was acquired at an average cost of GBX 418 per share, for a total transaction of £105,879.40.
• On Thursday, September 18th, David John Braben sold 21,710 shares of Frontier Developments stock. The shares were sold at an average price of GBX 407, for a total transaction of £88,359.70.
• On Friday, September 19th, David John Braben bought 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 shares were sold at an average price of GBX 408, for a total transaction of £63,790.80.
• On Friday, September 12th, David John Braben bought 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 shares were 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.

Frontier Developments Trading Up 0.4%

Shares of LON FDEV traded up GBX 1.50 during mid-day trading on Thursday, hitting GBX 415.50. The company's stock had a trading volume of 43,002 shares, compared to its average volume of 89,474. The company's fifty day simple moving average is GBX 378.97 and its 200-day simple moving average is GBX 288.75. Frontier Developments plc has a one year low of GBX 175.60 and a one year high of GBX 420. The stock 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 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 (LON:FDEV - Get Free Report) last released its quarterly earnings data 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%. On average, sell-side analysts anticipate that Frontier Developments plc will post 7.0917759 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on FDEV shares. Berenberg Bank raised their target price on shares of Frontier Developments from GBX 330 to GBX 450 and gave the stock a "buy" rating in a report on Wednesday, September 10th. Shore Capital restated a "buy" rating on shares of Frontier Developments in a report on Wednesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Frontier Developments from GBX 310 to GBX 390 and gave the stock a "hold" rating in a report on Friday, September 12th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 420.

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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