Key Points
- Insider David John Braben sold a total of 84,500 shares across multiple trades from March 10–24, generating approximately £309,295 in proceeds.
- Despite the selling, the stock was trading up ~2.7% at GBX 347; Frontier has a market cap of £125.49m and a low P/E of 6.97, while analysts have an average "Buy" rating with a consensus target of GBX 608.33 and Deutsche Bank raising its target to GBX 605.
Frontier Developments plc (LON:FDEV - Get Free Report) insider David John Braben sold 6,500 shares of the firm's stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of GBX 339, for a total transaction of £22,035.
David John Braben also recently made the following trade(s):
- On Monday, March 23rd, David John Braben sold 9,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 352, for a total value of £31,680.
- On Friday, March 20th, David John Braben sold 7,500 shares of Frontier Developments stock. The shares were sold at an average price of GBX 375, for a total transaction of £28,125.
- On Thursday, March 19th, David John Braben sold 9,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 364, for a total transaction of £32,760.
- On Wednesday, March 18th, David John Braben sold 8,500 shares of Frontier Developments stock. The stock was sold at an average price of GBX 369, for a total value of £31,365.
- On Tuesday, March 17th, David John Braben sold 8,000 shares of Frontier Developments stock. The stock was sold at an average price of GBX 364, for a total value 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 shares were 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 value 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 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 transaction of £24,505.
Frontier Developments Trading Up 2.7%
Shares of LON:FDEV opened at GBX 347 on Thursday. The company has a current ratio of 2.83, a quick ratio of 2.61 and a debt-to-equity ratio of 19.71. The stock has a market capitalization of £125.49 million, a PE ratio of 6.97, a P/E/G ratio of 2.11 and a beta of 0.03. Frontier Developments plc has a 1 year low of GBX 180 and a 1 year high of GBX 588.56. The firm has a fifty day moving average price of GBX 421.25 and a 200 day moving average price of GBX 455.03.
Frontier Developments (LON:FDEV - Get Free Report) last posted its earnings results on Wednesday, January 14th. The company reported GBX 21.40 earnings per share for the quarter. Frontier Developments had a return on equity of 21.13% and a net margin of 19.43%. Analysts expect that Frontier Developments plc will post 7.0917759 EPS for the current fiscal year.
Analyst Ratings Changes
Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Frontier Developments to a "buy" rating and increased their target price for the company from GBX 580 to GBX 605 in a research note on Wednesday, January 14th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average 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.
Further Reading
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