Raspberry Pi (LON:RPI) Sets New 52-Week High – What’s Next?

Raspberry Pi Holdings (LON:RPI)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 684 and last traded at GBX 672.58, with a volume of 669592 shares. The stock had previously closed at GBX 652.

Analysts Set New Price Targets

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

Raspberry Pi Trading Up 3.2%

The firm has a market cap of £1.30 billion, a PE ratio of 146.53 and a beta of 0.58. The company has a 50-day simple moving average of GBX 433.26 and a 200 day simple moving average of GBX 358.28.

Insider Buying and Selling

In other Raspberry Pi news, insider Eben Upton CBE bought 15,314 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were purchased at an average price of GBX 262 per share, for a total transaction of £40,122.68. Also, insider Daniel Labbad sold 9,527 shares of the stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of GBX 630, for a total value of £60,020.10. Insiders have bought a total of 42,659 shares of company stock worth $11,300,210 in the last quarter. Insiders own 1.73% 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.