Insider Selling: Frontier Developments (LON:FDEV) Insider Sells 50,000 Shares of Stock

Frontier Developments plc (LON:FDEV) insider Alex Bevis sold 50,000 shares of Frontier Developments stock in a transaction on Thursday, September 10th. The stock was sold at an average price of GBX 516, for a total value of £258,000.

Alex Bevis also recently made the following trade(s):

• On Tuesday, June 23rd, Alex Bevis sold 5,084 shares of Frontier Developments stock. The shares were sold at an average price of GBX 404, for a total value of £20,539.36.

Frontier Developments Stock Performance

Shares of Frontier Developments stock traded down GBX 17.52 during trading hours on Friday, hitting GBX 522.48. 167,324 shares of the company’s stock traded hands, compared to its average volume of 168,832. The stock has a market capitalization of £181.47 million, a price-to-earnings ratio of 10.49, a PEG ratio of 2.11 and a beta of 0.03. Frontier Developments plc has a 12-month low of GBX 302 and a 12-month high of GBX 588.56. The company has a debt-to-equity ratio of 16.51, a current ratio of 3.50 and a quick ratio of 2.61. The company has a fifty day simple moving average of GBX 434.76 and a 200-day simple moving average of GBX 403.97.

Frontier Developments (LON:FDEV) last issued its quarterly earnings results on Wednesday, September 9th. The company reported GBX 74.60 earnings per share for the quarter. Frontier Developments had a net margin of 26.03% and a return on equity of 27.12%. Equities research analysts anticipate that Frontier Developments plc will post 7.0917759 EPS for the current fiscal year.

Analysts Set New Price Targets

FDEV has been the topic of a number of research analyst reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 600 target price on shares of Frontier Developments in a research note on Wednesday. Shore Capital Group upgraded shares of Frontier Developments to a “buy” rating and set a GBX 650 price target for the company in a research note on Wednesday. Four analysts have rated the stock with a Buy rating, According to MarketBeat, Frontier Developments currently has an average rating of “Buy” and an average target price of GBX 618.75.

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.