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

Raspberry Pi Holdings (LON:RPI) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 924.50 and last traded at GBX 880, with a volume of 937071 shares changing hands. The stock had previously closed at GBX 896.50.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft upped their target price on Raspberry Pi from GBX 300 to GBX 550 and gave the company a “hold” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of GBX 550.

Raspberry Pi Stock Performance

The firm has a market capitalization of £1.70 billion, a P/E ratio of 191.72 and a beta of 0.84. The stock has a fifty day moving average price of GBX 586.09 and a two-hundred day moving average price of GBX 408.97.

Insider Buying and Selling

In other news, insider Richard David Boult sold 150,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of GBX 701, for a total value of £1,051,500. Also, insider Daniel Labbad sold 9,527 shares of the business’s 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. 1.73% of the stock is currently owned by 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.