Insider Selling: Frontier Developments (LON:FDEV) Insider Sells 36,385 Shares of Stock

Key Points

• David John Braben, an insider at Frontier Developments, sold 36,385 shares at an average price of GBX 469, totaling approximately £170,645 on October 6th.
• The company's stock price has experienced a recent increase of 0.9% and currently trades at GBX 464, with a market capitalization of £169.54 million.
• Analysts have given Frontier Developments an average rating of "Moderate Buy," with price targets raised to a range between GBX 390 and GBX 450 by firms like Deutsche Bank and Berenberg Bank.

Frontier Developments plc (LON:FDEV - Get Free Report) insider David John Braben sold 36,385 shares of the business's stock in a transaction dated Monday, October 6th. The shares were sold at an average price of GBX 469, for a total value of £170,645.65.

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

• On Friday, October 3rd, David John Braben sold 44,407 shares of Frontier Developments stock. The shares were sold at an average price of GBX 463, for a total value of £205,604.41.
• On Thursday, October 2nd, David John Braben sold 42,162 shares of Frontier Developments stock. The shares were sold at an average price of GBX 459, for a total value of £193,523.58.
• On Thursday, September 25th, David John Braben sold 33,038 shares of Frontier Developments stock. The shares were sold at an average price of GBX 411, for a total value of £135,786.18.
• On Friday, September 26th, David John Braben purchased 33,705 shares of Frontier Developments stock. The shares were purchased at an average price of GBX 428 per share, for a total transaction of £144,257.40.
• On Wednesday, September 24th, David John Braben sold 31,181 shares of Frontier Developments stock. The shares were sold at an average price of GBX 416, for a total value of £129,712.96.
• On Tuesday, September 23rd, David John Braben sold 27,594 shares of Frontier Developments stock. The shares were sold at an average price of GBX 416, for a total value of £114,791.04.
• On Monday, September 22nd, David John Braben purchased 25,330 shares of Frontier Developments stock. The shares were purchased at an average price of GBX 418 per share, for a total transaction of £105,879.40.
• 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 purchased 24,028 shares of Frontier Developments stock. The shares were purchased at an average price 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.

Frontier Developments Stock Up 0.9%

LON FDEV opened at GBX 464 on Tuesday. The company has a current ratio of 2.93, a quick ratio of 2.61 and a debt-to-equity ratio of 27.70. The stock's 50 day moving average is GBX 392.23 and its two-hundred day moving average is GBX 303.55. The company has a market capitalization of £169.54 million, a price-to-earnings ratio of 1,140.05, a PEG ratio of 2.11 and a beta of 0.03. Frontier Developments plc has a 1-year low of GBX 175.60 and a 1-year high of GBX 473.

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%. Equities analysts forecast that Frontier Developments plc will post 7.0917759 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FDEV. Deutsche Bank Aktiengesellschaft lifted their price objective 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 reaffirmed a "buy" rating on shares of Frontier Developments in a report on Wednesday, September 10th. Finally, Berenberg Bank lifted their price objective on Frontier Developments from GBX 330 to GBX 450 and gave the company a "buy" rating in a report on Wednesday, September 10th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Frontier Developments has an average rating of "Moderate Buy" and an average 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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