Frontier Developments PLC (FDEV) Insider Purchases £49,950 in Stock
Frontier Developments PLC (LON:FDEV) insider Charles Cotton purchased 3,700 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was bought at an average price of GBX 1,350 ($17.44) per share, for a total transaction of £49,950 ($64,509.88).
Shares of Frontier Developments PLC (FDEV) traded down 9.24% during midday trading on Thursday, reaching GBX 1080.00. The company’s stock had a trading volume of 57,567 shares. The company’s market capitalization is GBX 367.28 million. Frontier Developments PLC has a 1-year low of GBX 187.50 and a 1-year high of GBX 1,369.77. The stock has a 50 day moving average of GBX 863.47 and a 200-day moving average of GBX 505.83.
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A number of brokerages have weighed in on FDEV. FinnCap lifted their price objective on Frontier Developments PLC from GBX 690 ($8.91) to GBX 968 ($12.50) and gave the company a “corporate” rating in a report on Monday, August 21st. Liberum Capital began coverage on Frontier Developments PLC in a report on Tuesday, August 15th. They issued a “buy” rating and a GBX 850 ($10.98) price objective on the stock. Finally, Numis Securities Ltd raised Frontier Developments PLC to an “add” rating and lifted their price objective for the company from GBX 300 ($3.87) to GBX 466 ($6.02) in a report on Thursday, June 22nd.
About Frontier Developments PLC
Frontier Developments plc is engaged in developing non-game applications and video games for the entertainment sector. The Company’s segments include self-published and external publishers. The self-published segment is engaged in sales of the game and digital in-game. The Company has completed work for external publishers, including Screamride and Tales from Deep Space.
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