Frontier Developments (LON:FDEV) Insider David John Braben Sells 8,500 Shares of Stock

Frontier Developments plc (LON:FDEV) insider David John Braben sold 8,500 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of GBX 369, for a total value of £31,365.

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

• On Tuesday, March 17th, David John Braben sold 8,000 shares of Frontier Developments stock. The shares were 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 stock was 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 shares were 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 shares were 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 stock was sold at an average price of GBX 377, for a total transaction of £24,505.
• On Monday, March 9th, David John Braben sold 7,500 shares of Frontier Developments stock. The stock was sold at an average price of GBX 379, for a total transaction of £28,425.
• On Friday, March 6th, David John Braben sold 9,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 381, for a total transaction of £34,290.
• 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 transaction of £28,650.
• On Tuesday, March 3rd, David John Braben sold 7,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 380, for a total value of £26,600.

Frontier Developments Trading Down 3.6%

Shares of FDEV traded down GBX 13.50 during trading hours on Thursday, hitting GBX 356.50. The stock had a trading volume of 101,768 shares, compared to its average volume of 148,254. Frontier Developments plc has a 12-month low of GBX 180 and a 12-month high of GBX 588.56. The firm has a market cap of £128.92 million, a P/E ratio of 7.16, a P/E/G ratio of 2.11 and a beta of 0.03. The company has a debt-to-equity ratio of 19.71, a quick ratio of 2.61 and a current ratio of 2.83. The company’s fifty day simple moving average is GBX 431.61 and its 200 day simple moving average is GBX 455.06.

Frontier Developments (LON:FDEV) last posted its quarterly earnings results on Wednesday, January 14th. The company reported GBX 21.40 earnings per share (EPS) for the quarter. Frontier Developments had a return on equity of 21.13% and a net margin of 19.43%. Equities 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 Frontier Developments to a “buy” rating and boosted their target price for the stock from GBX 580 to GBX 605 in a report on Wednesday, January 14th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, Frontier Developments 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.