Insider Selling: Raspberry Pi (LON:RPI) Insider Sells £60,020.10 in Stock

Raspberry Pi Holdings (LON:RPI) insider Daniel Labbad sold 9,527 shares of the company’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of GBX 630, for a total value of £60,020.10.

Raspberry Pi Stock Up 2.0%

RPI opened at GBX 602 on Thursday. The stock’s fifty day moving average is GBX 403.48 and its two-hundred day moving average is GBX 350.25. The company has a market capitalization of £1.16 billion, a P/E ratio of 131.15 and a beta of 0.58. Raspberry Pi Holdings has a 52 week low of GBX 253.80 and a 52 week high of GBX 683.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reduced their price objective on Raspberry Pi from GBX 380 to GBX 300 and set a “hold” rating on the stock in a report on Friday, January 16th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of GBX 300.

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.