Raspberry Pi (LON:RPI) Shares Up 9.5% - Here's Why

Key Points

• Shares jumped 9.5% intraday to GBX 444.20 on Tuesday, with trading volume surging about 365% to ~7.9 million shares versus the ~1.7 million daily average.
• Deutsche Bank cut its price target from GBX 380 to GBX 300 and maintained a "hold" rating; MarketBeat shows a consensus "Hold" with an average price target of GBX 300.
• Insider buying—founder Eben Upton purchased 21,927 shares at GBX 271 on Jan. 13, and insiders have acquired 71,927 shares in the last 90 days, owning about 1.70% of the company.

Raspberry Pi Holdings (LON:RPI - Get Free Report)'s stock price rose 9.5% during trading on Tuesday . The stock traded as high as GBX 445 and last traded at GBX 444.20. Approximately 7,902,285 shares were traded during mid-day trading, an increase of 365% from the average daily volume of 1,698,479 shares. The stock had previously closed at GBX 405.80.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Raspberry Pi from GBX 380 to GBX 300 and set a "hold" rating on the stock in a research note on Friday, January 16th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of GBX 300.

Raspberry Pi Trading Up 11.4%

The firm has a market capitalization of £874.63 million and a P/E ratio of 98.47. The company has a 50-day moving average of GBX 298.49 and a 200-day moving average of GBX 349.80.

Insider Activity

In related news, insider Eben Upton CBE acquired 21,927 shares of the business's stock in a transaction that occurred on Tuesday, January 13th. The shares were bought at an average cost of GBX 271 per share, with a total value of £59,422.17. Insiders bought 71,927 shares of company stock worth $19,231,838 in the last ninety days. 1.70% of the stock is owned by company 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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