Key Points
- David John Braben sold a total of 80,500 shares of Frontier Developments between Feb. 26 and Mar. 12 in multiple tranches, at prices roughly between GBX 370 and GBX 407.
- Despite the insider selling, FDEV shares traded around GBX 375 (up 1.4%) and analysts maintain a consensus "Buy" with an average price target near GBX 608 after Deutsche Bank upgraded and raised its target to GBX 605.
Frontier Developments plc (LON:FDEV - Get Free Report) insider David John Braben sold 5,000 shares of the business's stock in a transaction on Thursday, March 12th. The stock was sold at an average price of GBX 370, for a total value of £18,500.
David John Braben also recently made the following trade(s):
- 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 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 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 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 transaction 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 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 1.4%
FDEV stock opened at GBX 375 on Friday. The firm has a market cap of £135.61 million, a PE ratio of 7.53, a P/E/G 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 debt-to-equity ratio of 19.71, a current ratio of 2.83 and a quick ratio of 2.61. The firm has a 50 day simple moving average of GBX 440.55 and a 200 day simple moving average of GBX 455.48.
Frontier Developments (LON:FDEV - Get Free Report) 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 net margin of 19.43% and a return on equity of 21.13%. Equities research analysts forecast that Frontier Developments plc will post 7.0917759 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, Deutsche Bank Aktiengesellschaft upgraded 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 equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of GBX 608.33.
Get Our Latest Research Report on FDEV
About Frontier Developments
(
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.
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