Frontier Developments (LON:FDEV) Insider David John Braben Sells 6,500 Shares

Frontier Developments plc (LON:FDEV) insider David John Braben sold 6,500 shares of the business’s stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of GBX 339, for a total value of £22,035.

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

• 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 value of £31,680.
• On Friday, March 20th, David John Braben sold 7,500 shares of Frontier Developments stock. The stock was 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 transaction of £36,500.
• On Friday, March 13th, David John Braben sold 6,500 shares of Frontier Developments stock. The stock was sold at an average price of GBX 369, for a total transaction 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 transaction 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 transaction of £30,720.
• On Tuesday, March 10th, David John Braben sold 6,500 shares of Frontier Developments stock. The shares were sold at an average price of GBX 377, for a total value of £24,505.

Frontier Developments Trading Up 2.8%

LON FDEV opened at GBX 347.50 on Wednesday. The company has a quick ratio of 2.61, a current ratio of 2.83 and a debt-to-equity ratio of 19.71. The stock’s 50-day simple moving average is GBX 424.01 and its two-hundred day simple moving average is GBX 455.79. Frontier Developments plc has a twelve month low of GBX 180 and a twelve month high of GBX 588.56. The company has a market capitalization of £125.67 million, a price-to-earnings ratio of 6.98, a PEG ratio of 2.11 and a beta of 0.03.

Frontier Developments (LON:FDEV) last announced its quarterly earnings data on Wednesday, January 14th. The company reported GBX 21.40 EPS for the quarter. Frontier Developments had a return on equity of 21.13% and a net margin of 19.43%. Research analysts forecast that Frontier Developments plc will post 7.0917759 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Frontier Developments to a “buy” rating and increased their price target for the company from GBX 580 to GBX 605 in a research report on Wednesday, January 14th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock 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.