David John Braben Sells 9,000 Shares of Frontier Developments (LON:FDEV) Stock

Frontier Developments plc (LON:FDEV) insider David John Braben sold 9,000 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of GBX 381, for a total value of £34,290.

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

• On Monday, March 9th, David John Braben sold 7,500 shares of Frontier Developments stock. The stock was sold at an average price of GBX 379, for a total value of £28,425.
• On Wednesday, March 4th, David John Braben sold 7,500 shares of Frontier Developments stock. The shares were sold at an average price of GBX 382, for a total value of £28,650.
• On Tuesday, March 3rd, David John Braben sold 7,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 380, for a total value of £26,600.
• On Monday, March 2nd, David John Braben sold 5,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 390, for a total value of £19,500.
• On Friday, February 27th, David John Braben sold 10,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 407, for a total value of £40,700.
• On Thursday, February 26th, David John Braben sold 15,000 shares of Frontier Developments stock. The shares were sold at an average price of £401.61, for a total value of £6,024,150.

Frontier Developments Stock Performance

Shares of FDEV stock opened at GBX 383.50 on Thursday. The stock has a market capitalization of £138.69 million, a PE ratio of 7.70, a PEG ratio of 2.11 and a beta of 0.03. The business’s 50 day simple moving average is GBX 444.03 and its 200 day simple moving average is GBX 456.09. The company has a debt-to-equity ratio of 19.71, a current ratio of 2.83 and a quick ratio of 2.61. Frontier Developments plc has a one year low of GBX 180 and a one year high of GBX 588.56.

Frontier Developments (LON:FDEV) last released 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 net margin of 19.43% and a return on equity of 21.13%. As a group, research analysts forecast that Frontier Developments plc will post 7.0917759 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FDEV shares. Berenberg Bank boosted their target price on shares of Frontier Developments from GBX 550 to GBX 600 and gave the company a “buy” rating in a report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft raised Frontier Developments to a “buy” rating and lifted their price objective for the stock from GBX 580 to GBX 605 in a research report on Wednesday, January 14th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently 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.