Insider Selling: Frontier Developments (LON:FDEV) Insider Sells £31,140 in Stock

Frontier Developments plc (LON:FDEV) insider David John Braben sold 9,000 shares of Frontier Developments stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of GBX 346, for a total transaction of £31,140.

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

• 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 transaction 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 transaction of £31,680.
• On Friday, March 20th, David John Braben sold 7,500 shares of Frontier Developments stock. The shares were 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 transaction of £32,760.
• On Wednesday, March 18th, David John Braben sold 8,500 shares of Frontier Developments stock. The shares were sold at an average price of GBX 369, for a total transaction of £31,365.
• On Tuesday, March 17th, David John Braben sold 8,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 364, for a total transaction of £29,120.
• On Monday, March 16th, David John Braben sold 10,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 365, for a total value of £36,500.
• On Friday, March 13th, David John Braben sold 6,500 shares of Frontier Developments stock. The shares were sold at an average price of GBX 369, for a total value of £23,985.
• On Thursday, March 12th, David John Braben sold 5,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 370, for a total value of £18,500.
• On Wednesday, March 11th, David John Braben sold 8,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 384, for a total value of £30,720.

Frontier Developments Stock Down 1.4%

Shares of LON:FDEV opened at GBX 336.30 on Friday. The business’s 50 day simple moving average is GBX 414.15 and its two-hundred day simple moving average is GBX 454.53. The firm has a market cap of £121.62 million, a P/E ratio of 6.75, a PEG ratio of 2.11 and a beta of 0.03. Frontier Developments plc has a 52-week low of GBX 180 and a 52-week high of GBX 588.56. The company has a debt-to-equity ratio of 19.71, a quick ratio of 2.61 and a current ratio of 2.83.

Frontier Developments (LON:FDEV) last posted its quarterly earnings data on Wednesday, January 14th. The company reported GBX 21.40 earnings per share 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 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft raised Frontier Developments to a “buy” rating and raised their price objective for the company from GBX 580 to GBX 605 in a report on Wednesday, January 14th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 608.33.

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.