Raspberry Pi (LON:RPI) Shares Up 10.2% Following Insider Buying Activity

Shares of Raspberry Pi Holdings (LON:RPIGet Free Report) were up 10.2% during mid-day trading on Tuesday following insider buying activity. The stock traded as high as GBX 337.80 and last traded at GBX 336.25. Approximately 11,808,456 shares traded hands during trading, an increase of 681% from the average daily volume of 1,511,365 shares. The stock had previously closed at GBX 305.

Specifically, insider Eben Upton CBE purchased 4,684 shares of the business’s stock in a transaction on Monday, February 16th. The shares were acquired at an average price of GBX 282 per share, for a total transaction of £13,208.88. Also, insider Eben Upton CBE acquired 7,589 shares of the stock in a transaction dated Wednesday, February 11th. The shares were bought at an average price of GBX 262 per share, with a total value of £19,883.18.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reduced their target price on Raspberry Pi from GBX 380 to GBX 300 and set a “hold” rating for the company in a research note on Friday, January 16th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of GBX 300.

Read Our Latest Research Report on Raspberry Pi

Raspberry Pi Stock Up 11.2%

The company has a market capitalization of £656.36 million and a PE ratio of 73.90. The firm has a 50-day moving average of GBX 290.27 and a two-hundred day moving average of GBX 350.22.

Raspberry Pi Company Profile

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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.

Further Reading

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