Raspberry Pi (LON:RPI) Reaches New 12-Month Low – Time to Sell?

Raspberry Pi Holdings (LON:RPI) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 260 and last traded at GBX 261, with a volume of 573517 shares. The stock had previously closed at GBX 273.80.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reduced 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 report on Friday, January 16th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 300.

Raspberry Pi Trading Down 4.8%

The firm has a market capitalization of £503.95 million and a P/E ratio of 56.78. The business’s 50 day simple moving average is GBX 302.11 and its two-hundred day simple moving average is GBX 362.65.

Insiders Place Their Bets

In related news, insider Eben Upton CBE purchased 21,927 shares of Raspberry Pi stock in a transaction dated Tuesday, January 13th. The stock was purchased at an average cost of GBX 271 per share, for a total transaction of £59,422.17. Also, insider David Ranken Gammon bought 12,000 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was bought at an average price of GBX 306 per share, for a total transaction of £36,720. Over the last ninety days, insiders have bought 47,100 shares of company stock worth $13,604,004. Corporate insiders own 1.69% 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.