Raspberry Pi (LON:RPI) Stock Price Down 3.8% – Time to Sell?

Raspberry Pi Holdings (LON:RPI)’s stock price traded down 3.8% on Thursday . The company traded as low as GBX 716 and last traded at GBX 727.50. 547,149 shares traded hands during trading, a decline of 79% from the average session volume of 2,575,347 shares. The stock had previously closed at GBX 756.50.

Wall Street Analysts Forecast Growth

RPI has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Raspberry Pi from GBX 550 to GBX 650 and gave the stock a “hold” rating in a research note on Tuesday, June 16th. Jefferies Financial Group raised their price target on shares of Raspberry Pi from GBX 420 to GBX 960 and gave the company a “buy” rating in a research report on Thursday, June 25th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 805.

Raspberry Pi Stock Down 8.2%

The stock has a market capitalization of £1.29 billion, a P/E ratio of 60.73 and a beta of 0.52. The business has a fifty day moving average price of GBX 805.22 and a 200-day moving average price of GBX 532.38.

Insider Activity

In other Raspberry Pi news, insider Richard David Boult sold 150,000 shares of the company’s 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 Eben Upton CBE sold 190,000 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of GBX 967, for a total transaction of £1,837,300. 1.55% of the stock is currently owned by company insiders.

About Raspberry Pi

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.