Insider Selling: Frontier Developments (LON:FDEV) Insider Sells 10,000 Shares of Stock

Key Points

• David John Braben sold 15,000 shares on Feb 26 at an average price of £401.61 (total £6,024,150) and 10,000 shares on Feb 27 at GBX 407 (total £40,700), a combined sale of 25,000 shares for roughly £6,064,850.
• Frontier's stock opened at GBX 390.55, trading below its 50‑day (GBX 450) and 200‑day (GBX 455.87) moving averages, with a market capitalization of £141.23 million and a P/E of 7.84.
• Despite the insider selling, analysts hold a consensus Buy rating with a consensus price target of GBX 608.33 after several recent price‑target upgrades.

Frontier Developments plc (LON:FDEV - Get Free Report) insider David John Braben sold 10,000 shares of the stock in a transaction on Friday, February 27th. The stock was sold at an average price of GBX 407, for a total transaction of £40,700.

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

• On Thursday, February 26th, David John Braben sold 15,000 shares of Frontier Developments stock. The stock was sold at an average price of £401.61, for a total transaction of £6,024,150.

Frontier Developments Price Performance

Frontier Developments stock opened at GBX 390.55 on Thursday. The company has a debt-to-equity ratio of 19.71, a quick ratio of 2.61 and a current ratio of 2.83. The company's fifty day moving average price is GBX 450 and its 200 day moving average price is GBX 455.87. The stock has a market capitalization of £141.23 million, a P/E ratio of 7.84, a P/E/G ratio of 2.11 and a beta of 0.03. Frontier Developments plc has a 1 year low of GBX 180 and a 1 year high of GBX 588.56.

Frontier Developments (LON:FDEV - Get Free Report) last issued its quarterly earnings results on Wednesday, January 14th. The company reported GBX 21.40 earnings per share (EPS) for the quarter. Frontier Developments had a return on equity of 21.13% and a net margin of 19.43%. As a group, equities research analysts anticipate that Frontier Developments plc will post 7.0917759 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on FDEV. Shore Capital Group restated a "buy" rating on shares of Frontier Developments in a research report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Frontier Developments to a "buy" rating and boosted their price objective for the company from GBX 580 to GBX 605 in a report on Wednesday, January 14th. Peel Hunt increased their target price on shares of Frontier Developments from GBX 446 to GBX 620 and gave the stock a "buy" rating in a research note on Friday, November 7th. Finally, Berenberg Bank lifted their price target on shares of Frontier Developments from GBX 550 to GBX 600 and gave the company a "buy" rating in a research report on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of GBX 608.33.

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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