David John Braben Sells 5,000 Shares of Frontier Developments (LON:FDEV) Stock

Frontier Developments plc (LON:FDEV) insider David John Braben sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of GBX 390, for a total transaction of £19,500.

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

• On Friday, February 27th, David John Braben sold 10,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 407, for a total transaction of £40,700.
• 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 Stock Up 0.2%

LON:FDEV opened at GBX 386.14 on Thursday. The company has a market cap of £139.64 million, a PE ratio of 7.75, a P/E/G ratio of 2.11 and a beta of 0.03. Frontier Developments plc has a one year low of GBX 180 and a one year high of GBX 588.56. The firm’s 50 day simple moving average is GBX 450 and its 200 day simple moving average is GBX 455.87. 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 (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%. On average, research analysts anticipate that Frontier Developments plc will post 7.0917759 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FDEV shares. Deutsche Bank Aktiengesellschaft raised shares of Frontier Developments to a “buy” rating and raised their price target for the company from GBX 580 to GBX 605 in a research report on Wednesday, January 14th. Peel Hunt raised their target price on Frontier Developments from GBX 446 to GBX 620 and gave the stock a “buy” rating in a research report on Friday, November 7th. Berenberg Bank upped their price target on Frontier Developments from GBX 550 to GBX 600 and gave the company a “buy” rating in a research report on Thursday, November 13th. Finally, Shore Capital Group reiterated a “buy” rating on shares of Frontier Developments in a research note on Thursday, November 6th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Frontier Developments presently has a consensus rating of “Buy” and an average 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.