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

Key Points

• Share price milestone: Raspberry Pi hit a new 52-week high, trading as high as GBX 684 and last at GBX 672.58 on heavy volume, with a market cap of £1.30 billion and a P/E of 146.53.
• Analyst view: Deutsche Bank cut its target from GBX 380 to GBX 300 and set a "hold," leaving the consensus rating at "Hold" with a consensus target of GBX 300.
• Insider activity: Founder Eben Upton bought 15,314 shares at GBX 262 while Daniel Labbad sold 9,527 at GBX 630; insiders acquired 42,659 shares in the last quarter and collectively own 1.73% of the stock.

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

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft lowered their target price on shares of 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 data from MarketBeat, Raspberry Pi currently has a consensus rating of "Hold" and a consensus target price of GBX 300.

Raspberry Pi Price Performance

The firm has a fifty day moving average of GBX 433.26 and a two-hundred day moving average of GBX 358.28. The stock has a market capitalization of £1.30 billion, a P/E ratio of 146.53 and a beta of 0.58.

Insider Transactions at Raspberry Pi

In other news, insider Eben Upton CBE bought 15,314 shares of Raspberry Pi stock in a transaction on Wednesday, February 4th. The stock was acquired at an average cost of GBX 262 per share, for a total transaction of £40,122.68. Also, insider Daniel Labbad sold 9,527 shares of the business's stock in a transaction dated Friday, April 17th. The stock was sold at an average price of GBX 630, for a total transaction of £60,020.10. Insiders acquired 42,659 shares of company stock valued at $11,300,210 over the last quarter. 1.73% of the stock is currently owned by corporate insiders.

Raspberry Pi Company Profile

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.

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