Raspberry Pi (LON:RPI) Trading 19.8% Higher - Time to Buy?

Key Points

• Raspberry Pi shares jumped 19.8% on Tuesday, trading as high as GBX 365.80 and last at GBX 350.20 on volume of 10,185,545 shares—about 540% above the average session volume.
• Analysts maintain a consensus “Hold” rating with a target price of GBX 300 after Deutsche Bank cut its price objective from GBX 380 to GBX 300.
• Insiders have been buying stock: Eben Upton purchased 4,684 shares at GBX 282 on Feb 16, and insiders acquired 71,927 shares worth $19,231,838 in the past 90 days, representing 1.73% ownership.

Raspberry Pi Holdings (LON:RPI - Get Free Report) shares shot up 19.8% on Tuesday . The company traded as high as GBX 365.80 and last traded at GBX 350.20. 10,185,545 shares were traded during trading, an increase of 540% from the average session volume of 1,591,218 shares. The stock had previously closed at GBX 292.20.

Wall Street Analysts Forecast Growth

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

Raspberry Pi Stock Performance

The firm has a 50 day moving average price of GBX 313.15 and a two-hundred day moving average price of GBX 334.53. The firm has a market capitalization of £698.16 million, a P/E ratio of 78.61 and a beta of 1.90.

Insider Transactions at Raspberry Pi

In other news, insider Eben Upton CBE acquired 4,684 shares of Raspberry Pi stock in a transaction on 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 bought 71,927 shares of company stock worth $19,231,838. 1.73% 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.

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