Frontier Developments (LON:FDEV) Insider Sells £40,700 in Stock

Frontier Developments plc (LON:FDEV) insider David John Braben sold 10,000 shares of Frontier Developments stock in a transaction on Friday, February 27th. The shares were sold at an average price of GBX 407, for a total transaction of £40,700.

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

• 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 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 value of £6,024,150.

Frontier Developments Price Performance

Shares of LON FDEV opened at GBX 380.84 on Friday. The business has a 50-day moving average of GBX 447.84 and a 200-day moving average of GBX 456.03. The company has a market capitalization of £137.72 million, a price-to-earnings ratio of 7.65, a PEG ratio of 2.11 and a beta of 0.03. Frontier Developments plc has a 1-year low of GBX 180 and a 1-year high of GBX 588.56. 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 posted its quarterly earnings data 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, equities analysts anticipate that Frontier Developments plc will post 7.0917759 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FDEV has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft upgraded Frontier Developments to a “buy” rating and lifted their price target for the company from GBX 580 to GBX 605 in a research report on Wednesday, January 14th. Berenberg Bank raised their target price on Frontier Developments from GBX 550 to GBX 600 and gave the company a “buy” rating in a research note on Thursday, November 13th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target 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.