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

Frontier Developments plc (LON:FDEV) insider David John Braben sold 5,000 shares of Frontier Developments stock in a transaction on Monday, March 2nd. The stock was 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 stock was 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%

Shares of FDEV opened at GBX 386.14 on Thursday. The company has a market capitalization of £139.64 million, a P/E ratio of 7.75, a PEG 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 business’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 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%. As a group, sell-side analysts predict that Frontier Developments plc will post 7.0917759 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FDEV has been the subject of a number of analyst reports. Shore Capital Group reaffirmed a “buy” rating on shares of Frontier Developments in a report on Thursday, November 6th. Berenberg Bank raised their price target on Frontier Developments from GBX 550 to GBX 600 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft upgraded Frontier Developments to a “buy” rating and upped their price objective for the company from GBX 580 to GBX 605 in a report on Wednesday, January 14th. Finally, Peel Hunt increased their target price on Frontier Developments from GBX 446 to GBX 620 and gave the company a “buy” rating in a research note on Friday, November 7th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus 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.