Insider Selling: Frontier Developments (LON:FDEV) Insider Sells 8,605 Shares of Stock

Key Points

• David John Braben, an insider at Frontier Developments, sold 8,605 shares at an average price of GBX 377, totaling approximately £32,440.85 on September 9th.
• In a series of transactions over the past week, Braben sold a total of 69,000 shares for over £250,000, with sales occurring at varying average prices ranging from GBX 360 to GBX 381.
• Frontier Developments recently reported a negative net margin of 24.05% and is projected to post an earnings per share (EPS) of 7.09 for the current fiscal year.

Frontier Developments plc (LON:FDEV - Get Free Report) insider David John Braben sold 8,605 shares of the firm's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of GBX 377, for a total value of £32,440.85.

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

• 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 transaction of £27,776.91.
• On Friday, September 5th, David John Braben sold 6,769 shares of Frontier Developments stock. The shares were sold at an average price of GBX 376, for a total transaction 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 transaction of £37,100.
• On Wednesday, September 3rd, David John Braben sold 15,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 360, for a total value of £54,000.
• On Tuesday, September 2nd, David John Braben sold 14,750 shares of Frontier Developments stock. The stock was sold at an average price of GBX 360, for a total value of £53,100.
• On Monday, September 1st, 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 transaction of £55,500.
• On Thursday, August 28th, David John Braben sold 22,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 380, for a total transaction of £83,600.
• On Tuesday, August 26th, David John Braben sold 5,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 380, for a total transaction of £19,000.
• On Wednesday, August 27th, David John Braben sold 20,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 380, for a total transaction of £76,000.
• On Friday, August 22nd, David John Braben sold 15,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 381, for a total transaction of £57,150.

Frontier Developments Price Performance

Shares of FDEV traded up GBX 9.53 during midday trading on Wednesday, hitting GBX 384.53. 295,543 shares of the company traded hands, compared to its average volume of 83,729. The firm has a 50 day moving average of GBX 366.99 and a 200-day moving average of GBX 273.25. Frontier Developments plc has a 52 week low of GBX 175.60 and a 52 week high of GBX 397. The stock has a market cap of £143.58 million, a price-to-earnings ratio of 933.33, a PEG ratio of 2.11 and a beta of 0.03. The company has a debt-to-equity ratio of 27.70, a quick ratio of 2.61 and a current ratio of 2.93.

Frontier Developments (LON:FDEV - Get Free Report) last released its quarterly earnings data on Wednesday, September 10th. The company reported GBX 42.40 EPS for the quarter. Frontier Developments had a negative net margin of 24.05% and a negative return on equity of 30.43%. On average, analysts forecast that Frontier Developments plc will post 7.0917759 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a "buy" rating on shares of Frontier Developments in a report on Wednesday. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of GBX 315.

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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