Frontier Developments (LON:FDEV) Insider Alex Bevis Sells 50,000 Shares

Key Points

• Insider sale: Frontier Developments insider Alex Bevis sold 50,000 shares at GBX 516 each, worth approximately £258,000. He also sold 5,084 shares in June for roughly £20,539.
• Stock performance: FDEV shares fell 3.2% to GBX 522.48, while remaining within a 12-month range of GBX 302 to GBX 588.56.
• Analyst outlook: Recent analyst coverage remains positive, with Shore Capital and Berenberg maintaining or issuing “Buy” ratings. The consensus price target is GBX 618.75.

Frontier Developments plc (LON:FDEV - Get Free Report) insider Alex Bevis sold 50,000 shares of Frontier Developments stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of GBX 516, for a total transaction of £258,000.

Alex Bevis also recently made the following trade(s):

• On Tuesday, June 23rd, Alex Bevis sold 5,084 shares of Frontier Developments stock. The stock was sold at an average price of GBX 404, for a total transaction of £20,539.36.

Frontier Developments Stock Down 3.2%

Shares of FDEV traded down GBX 17.52 on Friday, reaching GBX 522.48. The company's stock had a trading volume of 167,324 shares, compared to its average volume of 168,832. Frontier Developments plc has a twelve month low of GBX 302 and a twelve month high of GBX 588.56. The stock has a market capitalization of £181.47 million, a PE ratio of 10.49, a PEG ratio of 2.11 and a beta of 0.03. The company has a current ratio of 3.50, a quick ratio of 2.61 and a debt-to-equity ratio of 16.51. The firm has a fifty day moving average of GBX 434.76 and a 200-day moving average of GBX 403.97.

Frontier Developments (LON:FDEV - Get Free Report) last released its quarterly earnings results on Wednesday, September 9th. The company reported GBX 74.60 earnings per share (EPS) for the quarter. Frontier Developments had a return on equity of 27.12% and a net margin of 26.03%. Equities 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 several analyst reports. Shore Capital Group raised Frontier Developments to a "buy" rating and set a GBX 650 target price on the stock in a research report on Wednesday. Berenberg Bank reissued a "buy" rating and issued a GBX 600 price target on shares of Frontier Developments in a research report on Wednesday. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of GBX 618.75.

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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