Raspberry Pi (LON:RPI) Trading Down 14% – What’s Next?

Raspberry Pi Holdings (LON:RPI) shares traded down 14% on Tuesday . The stock traded as low as GBX 757 and last traded at GBX 764. 936,042 shares traded hands during trading, a decline of 59% from the average daily volume of 2,282,715 shares. The stock had previously closed at GBX 888.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Raspberry Pi from GBX 550 to GBX 650 and gave the company a “hold” rating in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Raspberry Pi currently has a consensus rating of “Hold” and a consensus target price of GBX 650.

Raspberry Pi Price Performance

The firm has a market cap of £1.48 billion, a PE ratio of 166.45 and a beta of 0.50. The business has a 50-day moving average price of GBX 733.59 and a two-hundred day moving average price of GBX 468.59.

Insider Buying and Selling at Raspberry Pi

In other Raspberry Pi news, insider Richard David Boult sold 150,000 shares of Raspberry Pi stock in a transaction dated Friday, May 8th. The shares were sold at an average price of GBX 701, for a total transaction of £1,051,500. Also, insider Daniel Labbad sold 9,527 shares of the company’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of GBX 630, for a total transaction of £60,020.10. In the last three months, insiders sold 349,527 shares of company stock worth $294,882,010. 1.65% of the stock is owned by corporate insiders.

Raspberry Pi Company Profile

Our mission is to put high-performance, low-cost, general-purpose computing platforms in the hands of engineers and enthusiasts all over the world.

Since 2012, we’ve been designing single-board and modular computers, built on the Arm architecture, and running the Linux operating system. Whether you’re an educator looking to excite the next generation of computer scientists; an enthusiast searching for inspiration for your next project; or an OEM who needs a proven rock-solid foundation for your next generation of smart products, there’s a Raspberry Pi computer for you.

That’s not all we do.