Insider Buying: Frontier Developments (LON:FDEV) Insider Buys 25,330 Shares of Stock

Key Points

• Insider David John Braben of Frontier Developments purchased 25,330 shares at an average price of GBX 418 per share, amounting to a total value of £105,879.40.
• In addition to the purchase, Braben also sold a total of 69,462 shares within the same month, indicating significant trading activity.
• Frontier Developments' shares have seen fluctuations with a year low of GBX 175.60 and a high of GBX 420, while analysts maintain a consensus target price of GBX 420.

Frontier Developments plc (LON:FDEV - Get Free Report) insider David John Braben purchased 25,330 shares of the company's stock in a transaction dated Monday, September 22nd. The stock was purchased at an average price of GBX 418 per share, with a total value of £105,879.40.

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 value of £88,359.70.
• On Friday, September 19th, David John Braben acquired 24,028 shares of Frontier Developments stock. The shares were bought 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 value 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 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 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 value 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 value 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 stock was 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 stock was sold at an average price of GBX 371, for a total value of £37,100.

Frontier Developments Stock Up 0.4%

Shares of LON:FDEV opened at GBX 417 on Tuesday. The stock's 50-day moving average price is GBX 377.01 and its two-hundred day moving average price is GBX 286.98. The company has a current ratio of 2.93, a quick ratio of 2.61 and a debt-to-equity ratio of 27.70. Frontier Developments plc has a 12-month low of GBX 175.60 and a 12-month high of GBX 420. The firm has a market cap of £155.70 million, a price-to-earnings ratio of 1,012.14, a PEG ratio of 2.11 and a beta of 0.03.

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 return on equity of 30.43% and a negative net margin of 24.05%. On average, research analysts forecast that Frontier Developments plc will post 7.0917759 EPS for the current year.

Wall Street Analyst Weigh In

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