Raspberry Pi (LON:RPI) Shares Up 9.5% – Here’s Why

Raspberry Pi Holdings (LON:RPI) shares shot up 9.5% on Tuesday . The stock traded as high as GBX 445 and last traded at GBX 444.20. 7,902,285 shares changed hands during trading, an increase of 365% from the average session volume of 1,698,479 shares. The stock had previously closed at GBX 405.80.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Raspberry Pi from GBX 380 to GBX 300 and set a “hold” rating on the stock in a report on Friday, January 16th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Raspberry Pi has a consensus rating of “Hold” and an average price target of GBX 300.

Raspberry Pi Stock Performance

The stock has a market capitalization of £874.63 million and a P/E ratio of 98.47. The business has a fifty day simple moving average of GBX 298.49 and a 200-day simple moving average of GBX 349.80.

Insider Buying and Selling

In related news, insider Eben Upton CBE purchased 4,684 shares of the firm’s stock in a transaction on Monday, February 16th. The stock was purchased at an average cost of GBX 282 per share, with a total value of £13,208.88. Insiders have acquired 71,927 shares of company stock valued at $19,231,838 in the last ninety days. Company insiders own 1.70% of the company’s stock.

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.