Frontier Developments (LON:FDEV) Insider Sells £63,790.80 in Stock

Key Points

• Insider David John Braben sold 15,635 shares of Frontier Developments stock on September 17th for a total of £63,790.80 at an average price of GBX 408.
• Analysts from Berenberg Bank and Shore Capital have given a "buy" rating to Frontier Developments, with Berenberg raising its target price from GBX 330 to GBX 450.
• The company reported a negative return on equity of 30.43% and a negative net margin of 24.05% in its recent earnings results.

Frontier Developments plc (LON:FDEV - Get Free Report) insider David John Braben sold 15,635 shares of the company's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of GBX 408, for a total value of £63,790.80.

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

• On Friday, September 12th, David John Braben acquired 8,744 shares of Frontier Developments stock. The stock was purchased at an average price 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 stock was 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 stock was 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 transaction of £25,451.44.
• On Thursday, September 4th, David John Braben sold 10,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 371, for a total transaction 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 transaction 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 transaction of £53,100.
• On Monday, September 1st, David John Braben sold 15,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 370, for a total transaction of £55,500.

Frontier Developments Trading Up 0.5%

LON FDEV traded up GBX 2 during trading on Friday, reaching GBX 407. 196,557 shares of the stock traded hands, compared to its average volume of 87,221. The firm has a market cap of £151.97 million, a price-to-earnings ratio of 987.86, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. Frontier Developments plc has a fifty-two week low of GBX 175.60 and a fifty-two week high of GBX 417.53. The company has a quick ratio of 2.61, a current ratio of 2.93 and a debt-to-equity ratio of 27.70. The stock's 50-day moving average price is GBX 375.92 and its 200 day moving average price is GBX 284.72.

Frontier Developments (LON:FDEV - Get Free Report) last issued 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%. Analysts predict that Frontier Developments plc will post 7.0917759 EPS for the current year.

Analyst Upgrades and Downgrades

FDEV has been the topic of a number of research analyst reports. Berenberg Bank boosted their price target 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. Deutsche Bank Aktiengesellschaft increased their price objective on Frontier Developments from GBX 310 to GBX 390 and gave the company a "hold" rating in a research note on Friday, September 12th. Finally, Shore Capital reissued a "buy" rating on shares of Frontier Developments in a research 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 company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus 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.