Raspberry Pi (LON:RPI) Stock Price Down 8% – Here’s Why

Raspberry Pi Holdings (LON:RPI)’s stock price traded down 8% on Wednesday . The company traded as low as GBX 406.60 and last traded at GBX 408.91. 7,013,592 shares traded hands during trading, an increase of 315% from the average session volume of 1,691,900 shares. The stock had previously closed at GBX 444.40.

Analyst Ratings Changes

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

Raspberry Pi Stock Down 8.6%

The firm has a market capitalization of £695.06 million and a P/E ratio of 78.26. The business’s 50 day moving average is GBX 304.89 and its two-hundred day moving average is GBX 350.59.

Insider Activity at Raspberry Pi

In related news, insider Eben Upton CBE purchased 4,684 shares of Raspberry Pi stock in a transaction dated Monday, February 16th. The stock was bought at an average cost of GBX 282 per share, with a total value of £13,208.88. In the last 90 days, insiders have bought 71,927 shares of company stock worth $19,231,838. 1.70% 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.