Frontier Developments (LON:FDEV) Insider David John Braben Acquires 24,028 Shares

Key Points

• David John Braben, an insider at Frontier Developments, purchased 24,028 shares of the company at an average price of GBX 406, totaling approximately £97,554, on September 19th.
• The stock is currently trading at GBX 415, with recent analyst reports recommending a "buy" rating and raising the price target to between GBX 390 and GBX 450.
• Frontier Developments reported a negative net margin of 24.05% and a negative return on equity of 30.43%, which may influence investor sentiment despite recent insider buying activity.

Frontier Developments plc (LON:FDEV - Get Free Report) insider David John Braben purchased 24,028 shares of the company's stock in a transaction that occurred on Friday, September 19th. The shares were purchased at an average cost of GBX 406 per share, with a total value of £97,553.68.

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

• 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 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 acquired 8,744 shares of Frontier Developments stock. The shares were bought at an average price of GBX 384 per share, with a total value of £33,576.96.
• On Thursday, September 11th, David John Braben sold 8,850 shares of Frontier Developments stock. The stock was 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 stock was 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 shares were sold at an average price of GBX 379, for a total transaction of £27,776.91.
• On Friday, September 5th, David John Braben sold 6,769 shares of Frontier Developments stock. The stock was 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 shares were sold at an average price of GBX 360, for a total transaction of £54,000.

Frontier Developments Trading Up 2.1%

LON FDEV traded up GBX 8.50 during mid-day trading on Monday, hitting GBX 415.50. The company's stock had a trading volume of 232,081 shares, compared to its average volume of 88,012. 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 plc has a 52-week low of GBX 175.60 and a 52-week high of GBX 420. The stock's fifty day simple moving average is GBX 377.01 and its two-hundred day simple moving average is GBX 286.98. The firm has a market capitalization of £155.14 million, a P/E ratio of 1,008.50, 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, September 10th. The company reported GBX 42.40 earnings per share (EPS) for the quarter. Frontier Developments had a negative net margin of 24.05% and a negative return on equity of 30.43%. Research analysts expect that Frontier Developments plc will post 7.0917759 EPS for the current year.

Analyst Upgrades and Downgrades

FDEV has been the topic of several recent analyst reports. Shore Capital reaffirmed a "buy" rating on shares of Frontier Developments in a research report on Wednesday, September 10th. Berenberg Bank increased their price objective 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 raised their price target on Frontier Developments from GBX 310 to GBX 390 and gave the company a "hold" rating in a research note on Friday, September 12th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.