Frontier Developments (LON:FDEV) Insider David John Braben Sells 7,643 Shares

Key Points

• Insider Activity: David John Braben, an insider at Frontier Developments, sold multiple batches of shares, totaling over £29,000 in a recent transaction, indicating significant insider selling activity.
• Stock Performance: Frontier Developments stock is currently priced at GBX 379.50, with a market cap of £141.70 million, and has experienced fluctuations over the past year with a high of GBX 397 and a low of GBX 175.60.
• Analyst Ratings: Several analysts have upgraded Frontier Developments to a "buy" rating, with Berenberg Bank raising its price target from GBX 330 to GBX 450, reflecting positive sentiment among market experts.

Frontier Developments plc (LON:FDEV - Get Free Report) insider David John Braben sold 7,643 shares of Frontier Developments stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of GBX 388, for a total value of £29,654.84.

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

• On Friday, September 12th, David John Braben bought 8,744 shares of Frontier Developments stock. The stock was purchased 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 value of £34,338.
• 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 value 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 value 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 value 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 value of £37,100.
• On Wednesday, September 3rd, David John Braben sold 15,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 360, for a total value of £54,000.
• On Tuesday, September 2nd, David John Braben sold 14,750 shares of Frontier Developments stock. The stock was sold at an average price of GBX 360, for a total value of £53,100.
• On Monday, September 1st, David John Braben sold 15,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 370, for a total value of £55,500.
• On Thursday, August 28th, David John Braben sold 22,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 380, for a total value of £83,600.

Frontier Developments Stock Performance

FDEV traded up GBX 0.03 during trading on Tuesday, hitting GBX 408.03. The stock had a trading volume of 329,386 shares, compared to its average volume of 85,621. The company has a 50 day moving average price of GBX 371.63 and a 200-day moving average price of GBX 279.30. The firm has a market cap of £152.36 million, a price-to-earnings ratio of 990.37, a P/E/G ratio of 2.11 and a beta of 0.03. Frontier Developments plc has a one year low of GBX 175.60 and a one year high of GBX 417.53. 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 results on Wednesday, September 10th. The company reported GBX 42.40 earnings per share (EPS) for the quarter. Frontier Developments had a negative return on equity of 30.43% and a negative net margin of 24.05%. As a group, research analysts predict that Frontier Developments plc will post 7.0917759 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FDEV. Berenberg Bank lifted their price objective on 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 Frontier Developments from GBX 310 to GBX 390 and gave the company a "hold" rating in a report on Friday. Finally, Shore Capital reaffirmed a "buy" rating on shares of Frontier Developments in a report on Wednesday, September 10th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Frontier Developments presently has a consensus rating of "Moderate Buy" and a consensus price target 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.