Key Points
- David John Braben, a Frontier Developments insider, sold 50,000 shares on April 21 at GBX 390 for £195,000 and carried out multiple other sales in March–April totaling 146,000 shares sold versus a single 20,000-share purchase on April 14 — a net sale of about 126,000 shares during the period.
- Frontier shares opened at GBX 368 (down 5.2%) and trade well below analyst targets; Deutsche Bank upgraded the stock to "buy" with a GBX 605 target and the consensus target across analysts is GBX 608.33, while the company has a market cap of £130.16m and a P/E of 7.39.
Frontier Developments plc (LON:FDEV - Get Free Report) insider David John Braben sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of GBX 390, for a total transaction of £195,000.
David John Braben also recently made the following trade(s):
- On Thursday, April 16th, David John Braben sold 6,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 393, for a total transaction of £23,580.
- On Wednesday, April 15th, David John Braben sold 12,500 shares of Frontier Developments stock. The shares were sold at an average price of GBX 385, for a total transaction of £48,125.
- On Tuesday, April 14th, David John Braben bought 20,000 shares of Frontier Developments stock. The shares were purchased at an average cost of GBX 378 per share, with a total value of £75,600.
- On Monday, April 13th, David John Braben sold 12,500 shares of Frontier Developments stock. The shares were sold at an average price of GBX 369, for a total transaction of £46,125.
- On Tuesday, April 7th, David John Braben sold 12,500 shares of Frontier Developments stock. The shares were sold at an average price of GBX 347, for a total transaction of £43,375.
- On Wednesday, April 8th, David John Braben sold 15,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 370, for a total transaction of £55,500.
- On Thursday, April 9th, David John Braben sold 13,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 367, for a total transaction of £47,710.
- On Wednesday, March 25th, David John Braben sold 9,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 346, for a total transaction of £31,140.
- On Tuesday, March 24th, David John Braben sold 6,500 shares of Frontier Developments stock. The shares were sold at an average price of GBX 339, for a total transaction of £22,035.
- 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 transaction of £31,680.
Frontier Developments Trading Down 5.2%
LON:FDEV opened at GBX 368 on Thursday. The firm's fifty day moving average is GBX 376.72 and its 200-day moving average is GBX 447.99. The company has a debt-to-equity ratio of 19.71, a quick ratio of 2.61 and a current ratio of 2.83. Frontier Developments plc has a 52 week low of GBX 180 and a 52 week high of GBX 588.56. The firm has a market cap of £130.16 million, a P/E ratio of 7.39, a P/E/G ratio of 2.11 and a beta of 0.03.
Analysts Set New Price Targets
Separately, Deutsche Bank Aktiengesellschaft raised shares of Frontier Developments to a "buy" rating and upped their price objective for the company from GBX 580 to GBX 605 in a research note on Wednesday, January 14th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of GBX 608.33.
Read Our Latest Stock Analysis 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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