Frontier Developments (LON:FDEV) Insider David John Braben Sells 6,500 Shares

Frontier Developments plc (LON:FDEV) insider David John Braben sold 6,500 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of GBX 369, for a total transaction of £23,985.

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

• 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 value of £18,500.
• On Wednesday, March 11th, David John Braben sold 8,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 384, for a total value 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 value of £24,505.
• On Monday, March 9th, David John Braben sold 7,500 shares of Frontier Developments stock. The shares were sold at an average price of GBX 379, for a total value 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 value of £34,290.
• On Wednesday, March 4th, David John Braben sold 7,500 shares of Frontier Developments stock. The stock was 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 stock was 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 Friday, February 27th, David John Braben sold 10,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 407, for a total value 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 Price Performance

Shares of LON:FDEV traded down GBX 17.47 on Monday, reaching GBX 360. 107,471 shares of the company were exchanged, compared to its average volume of 152,350. The company has a current ratio of 2.83, a quick ratio of 2.61 and a debt-to-equity ratio of 19.71. Frontier Developments plc has a 1-year low of GBX 180 and a 1-year high of GBX 588.56. The firm has a market cap of £130.19 million, a price-to-earnings ratio of 7.23, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. The company has a 50-day moving average of GBX 440.55 and a 200-day moving average of GBX 456.54.

Frontier Developments (LON:FDEV) last announced 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 net margin of 19.43% and a return on equity of 21.13%. Equities analysts forecast that Frontier Developments plc will post 7.0917759 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft raised shares of Frontier Developments to a “buy” rating and increased their target price for the company from GBX 580 to GBX 605 in a report on Wednesday, January 14th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company 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.