Key Points
- David John Braben has sold a total of 61,000 shares of Frontier Developments across multiple trades between Feb. 26 and Mar. 9, raising about £6.20 million, including a 7,500‑share sale on Mar. 9 at GBX 379.
- Despite the insider selling, analysts remain bullish with an average "Buy" rating and an average price target of GBX 608.33, while the stock trades at GBX 382.50, below its 50‑day and 200‑day moving averages.
Frontier Developments plc (LON:FDEV - Get Free Report) insider David John Braben sold 7,500 shares of the business's stock in a transaction dated Monday, March 9th. The stock was sold at an average price of GBX 379, for a total transaction of £28,425.
David John Braben also recently made the following trade(s):
- On Friday, March 6th, David John Braben sold 9,000 shares of Frontier Developments stock. The stock was 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 shares were sold at an average price of GBX 380, for a total transaction 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 stock was 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 shares were sold at an average price of £401.61, for a total value of £6,024,150.
Frontier Developments Stock Up 2.7%
Shares of LON:FDEV opened at GBX 382.50 on Wednesday. The stock has a fifty day simple moving average of GBX 445.22 and a two-hundred day simple moving average of GBX 456.60. The stock has a market capitalization of £138.32 million, a price-to-earnings ratio of 7.68, a PEG ratio of 2.11 and a beta of 0.03. Frontier Developments plc has a 12-month low of GBX 180 and a 12-month high of GBX 588.56. 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 (LON:FDEV - Get Free Report) last released its earnings results 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%. On average, research analysts anticipate that Frontier Developments plc will post 7.0917759 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts recently commented on FDEV shares. Berenberg Bank increased their price objective on shares of Frontier Developments from GBX 550 to GBX 600 and gave the company a "buy" rating in a research report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft raised shares of Frontier Developments to a "buy" rating and lifted 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 data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of GBX 608.33.
Check Out Our Latest Stock Report on Frontier Developments
Frontier Developments Company Profile
(
Get Free Report)
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.
Further Reading
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