Insider Buying: Frontier Developments (LON:FDEV) Insider Acquires £33,576.96 in Stock

Frontier Developments plc (LON:FDEV) insider David John Braben acquired 8,744 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The shares were bought at an average price of GBX 384 per share, with a total value of £33,576.96.

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

• On Thursday, September 11th, David John Braben sold 8,850 shares of Frontier Developments stock. The stock was sold at an average price of GBX 388, for a total value of £34,338.
• On Wednesday, September 10th, David John Braben sold 7,643 shares of Frontier Developments stock. The stock was sold at an average price of GBX 388, for a total value of £29,654.84.
• On Tuesday, September 9th, David John Braben sold 8,605 shares of Frontier Developments stock. The stock was sold at an average price of GBX 377, for a total value of £32,440.85.
• On Monday, September 8th, David John Braben sold 7,329 shares of Frontier Developments stock. The stock was sold at an average price of GBX 379, for a total value of £27,776.91.
• On Friday, September 5th, David John Braben sold 6,769 shares of Frontier Developments stock. The stock was sold at an average price of GBX 376, for a total value of £25,451.44.
• On Thursday, September 4th, David John Braben sold 10,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 371, for a total value of £37,100.
• On Wednesday, September 3rd, David John Braben sold 15,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 360, for a total value of £54,000.
• On Tuesday, September 2nd, David John Braben sold 14,750 shares of Frontier Developments stock. The stock was sold at an average price of GBX 360, for a total value of £53,100.
• On Monday, September 1st, David John Braben sold 15,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 370, for a total value of £55,500.
• On Thursday, August 28th, David John Braben sold 22,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 380, for a total value of £83,600.

Frontier Developments Stock Down 0.5%

Shares of FDEV opened at GBX 406 on Thursday. The stock has a market capitalization of £151.60 million, a price-to-earnings ratio of 985.44, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. Frontier Developments plc has a 1 year low of GBX 175.60 and a 1 year high of GBX 417.53. The business’s 50 day simple moving average is GBX 374.06 and its 200-day simple moving average is GBX 281.06. The company has a debt-to-equity ratio of 27.70, a current ratio of 2.93 and a quick ratio of 2.61.

Frontier Developments (LON:FDEV) last issued its quarterly earnings data on Wednesday, September 10th. The company reported GBX 42.40 earnings per share (EPS) for the quarter. Frontier Developments had a negative return on equity of 30.43% and a negative net margin of 24.05%. As a group, equities analysts expect that Frontier Developments plc will post 7.0917759 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FDEV has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upped their price objective on Frontier Developments from GBX 310 to GBX 390 and gave the stock a “hold” rating in a report on Friday, September 12th. Berenberg Bank increased their price target on Frontier Developments from GBX 330 to GBX 450 and gave the company a “buy” rating in a report on Wednesday, September 10th. Finally, Shore Capital restated a “buy” rating on shares of Frontier Developments in a report on Wednesday, September 10th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Frontier Developments currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 420.

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.