Raspberry Pi (LON:RPI) Shares Down 1.2% - What's Next?

Key Points

• Raspberry Pi Holdings stock decreased by 1.2%, closing at GBX 411.20 ($5.58) after trading as low as GBX 404 ($5.49) with a total of 149,671 shares exchanged, significantly below the average session volume.
• Prominent insiders, including Eben Upton CBE and Richard David Boult, sold a combined total of 500,000 shares at an average price of GBX 455 ($6.18), indicating strong insider activity despite the current stock performance.
• The company holds a market capitalization of £787.31 million and an elevated price-to-earnings ratio of 131.82, reflecting potential investor concerns about its current valuation.

Raspberry Pi Holdings (LON:RPI - ) traded down 1.2% during trading on Wednesday . The stock traded as low as GBX 404 ($5.49) and last traded at GBX 411.20 ($5.58). 149,671 shares traded hands during trading, a decline of 73% from the average session volume of 550,872 shares. The stock had previously closed at GBX 416 ($5.65).

Raspberry Pi Price Performance

The firm has a 50-day moving average of GBX 451.02 and a 200 day moving average of GBX 513.80. The stock has a market capitalization of £787.31 million and a price-to-earnings ratio of 131.82.

Insider Activity at Raspberry Pi

In other Raspberry Pi news, insider Eben Upton CBE sold 400,000 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of GBX 455 ($6.18), for a total value of £1,820,000 ($2,471,482.89). Also, insider Richard David Boult sold 100,000 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of GBX 455 ($6.18), for a total value of £455,000 ($617,870.72). 73.73% of the stock is 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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