Raspberry Pi (LON:RPI) Shares Down 7.3% – Time to Sell?

Raspberry Pi Holdings (LON:RPI) shares were down 7.3% on Wednesday . The stock traded as low as GBX 816 and last traded at GBX 895.61. Approximately 1,122,854 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 2,407,911 shares. The stock had previously closed at GBX 966.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft increased their price objective 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 data from MarketBeat.com, Raspberry Pi has an average rating of “Hold” and an average price target of GBX 550.

Raspberry Pi Stock Down 7.3%

The stock has a market capitalization of £1.73 billion, a P/E ratio of 195.12 and a beta of 0.84. The firm has a 50-day moving average of GBX 662.34 and a 200 day moving average of GBX 434.96.

Insider Activity at Raspberry Pi

In other news, insider Richard David Boult sold 150,000 shares of the company’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 Raspberry Pi stock in a transaction on Friday, April 17th. The shares were sold at an average price of GBX 630, for a total value of £60,020.10. Corporate insiders own 1.65% 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.