Insider Selling: Frontier Developments (LON:FDEV) Insider Sells 12,500 Shares of Stock

Key Points

• Insider David John Braben sold a total of 108,000 shares of Frontier Developments between March 16 and April 9 (including 12,500 shares on April 7), generating roughly £389,310 in proceeds.
• Frontier shares traded up 2.9% to GBX 375.50; the company has a market cap of £132.8M and a P/E of 7.54, while analysts hold an average Buy rating with a consensus target of GBX 608.33 (Deutsche Bank raised its target to GBX 605).

Frontier Developments plc (LON:FDEV - Get Free Report) insider David John Braben sold 12,500 shares of the company's stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of GBX 347, for a total transaction of £43,375.

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

• On Wednesday, April 8th, 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 value of £55,500.
• On Thursday, April 9th, David John Braben sold 13,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 367, for a total value of £47,710.
• On Wednesday, March 25th, David John Braben sold 9,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 346, for a total value of £31,140.
• On Tuesday, March 24th, David John Braben sold 6,500 shares of Frontier Developments stock. The stock was sold at an average price of GBX 339, for a total value of £22,035.
• On Monday, March 23rd, David John Braben sold 9,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 352, for a total value of £31,680.
• On Friday, March 20th, David John Braben sold 7,500 shares of Frontier Developments stock. The stock was sold at an average price of GBX 375, for a total transaction of £28,125.
• On Thursday, March 19th, David John Braben sold 9,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 364, for a total value of £32,760.
• On Wednesday, March 18th, David John Braben sold 8,500 shares of Frontier Developments stock. The stock was sold at an average price of GBX 369, for a total value of £31,365.
• On Tuesday, March 17th, David John Braben sold 8,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 364, for a total value of £29,120.
• On Monday, March 16th, David John Braben sold 10,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 365, for a total transaction of £36,500.

Frontier Developments Trading Up 2.9%

Shares of Frontier Developments stock traded up GBX 10.50 during midday trading on Friday, reaching GBX 375.50. The company had a trading volume of 127,027 shares, compared to its average volume of 143,245. Frontier Developments plc has a fifty-two week low of GBX 180 and a fifty-two week high of GBX 588.56. The company has a debt-to-equity ratio of 19.71, a current ratio of 2.83 and a quick ratio of 2.61. The stock has a fifty day moving average price of GBX 391.01 and a 200 day moving average price of GBX 451.22. The firm has a market cap of £132.81 million, a PE ratio of 7.54, a P/E/G ratio of 2.11 and a beta of 0.03.

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%. On average, equities analysts anticipate that Frontier Developments plc will post 7.0917759 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft raised Frontier Developments to a "buy" rating and upped their target price for the stock from GBX 580 to GBX 605 in a research report on Wednesday, January 14th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Frontier Developments presently has an average rating of "Buy" and a consensus target price 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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