Frontier Developments (LON:FDEV) Insider Sells £205,604.41 in Stock

Key Points

• Insider David John Braben sold a total of 44,407 shares of Frontier Developments at an average price of GBX 463, generating £205,604.41 on October 3rd.
• Recent insider trades indicate Braben sold over £1 million worth of shares in September, suggesting significant movements within company ownership.
• Frontier Developments has attracted several analysts' bullish outlooks, with target prices ranging from GBX 390 to GBX 450, indicating a consensus rating of "Moderate Buy."

Frontier Developments plc (LON:FDEV - Get Free Report) insider David John Braben sold 44,407 shares of the stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of GBX 463, for a total value of £205,604.41.

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

• On Thursday, October 2nd, David John Braben sold 42,162 shares of Frontier Developments stock. The shares were sold at an average price of GBX 459, for a total transaction of £193,523.58.
• On Thursday, September 25th, David John Braben sold 33,038 shares of Frontier Developments stock. The stock was sold at an average price of GBX 411, for a total transaction of £135,786.18.
• On Friday, September 26th, David John Braben bought 33,705 shares of Frontier Developments stock. The shares were purchased at an average cost of GBX 428 per share, with a total value of £144,257.40.
• On Wednesday, September 24th, David John Braben sold 31,181 shares of Frontier Developments stock. The shares were sold at an average price of GBX 416, for a total transaction of £129,712.96.
• On Tuesday, September 23rd, David John Braben sold 27,594 shares of Frontier Developments stock. The stock was sold at an average price of GBX 416, for a total value of £114,791.04.
• On Monday, September 22nd, David John Braben acquired 25,330 shares of Frontier Developments stock. The stock was acquired at an average cost of GBX 418 per share, with a total value 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 value of £88,359.70.
• On Friday, September 19th, David John Braben bought 24,028 shares of Frontier Developments stock. The shares were acquired at an average price 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 value of £63,790.80.
• On Friday, September 12th, David John Braben purchased 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.

Frontier Developments Price Performance

Frontier Developments stock opened at GBX 460 on Monday. The stock has a market capitalization of £168.08 million, a price-to-earnings ratio of 1,130.22, a PEG ratio of 2.11 and a beta of 0.03. Frontier Developments plc has a 52-week low of GBX 175.60 and a 52-week high of GBX 465. The stock's 50 day moving average price is GBX 390.12 and its two-hundred day moving average price is GBX 301.80. The company has a debt-to-equity ratio of 27.70, a quick ratio of 2.61 and a current ratio of 2.93.

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, equities analysts predict that Frontier Developments plc will post 7.0917759 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on FDEV shares. Shore Capital restated a "buy" rating on shares of Frontier Developments in a research note on Wednesday, September 10th. Berenberg Bank increased their price target on Frontier Developments from GBX 330 to GBX 450 and gave the stock a "buy" rating in a report on Wednesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Frontier Developments from GBX 310 to GBX 390 and gave the company a "hold" rating in a report on Friday, September 12th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average 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.

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