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

Raspberry Pi Holdings (LON:RPI) dropped 14% during trading on Tuesday . The stock traded as low as GBX 757 and last traded at GBX 764. Approximately 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.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft boosted 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 research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of GBX 650.

Raspberry Pi Trading Up 7.4%

The stock’s fifty day moving average price is GBX 743.29 and its 200-day moving average price is GBX 474.43. The firm has a market cap of £1.52 billion, a price-to-earnings ratio of 171.13 and a beta of 0.50.

Insider Buying and Selling

In other Raspberry Pi news, insider Richard David Boult sold 150,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was 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 Raspberry Pi stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of GBX 967, for a total value of £1,837,300. Over the last three months, insiders sold 349,527 shares of company stock worth $294,882,010. Company insiders own 1.65% of the company’s stock.

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.