Raspberry Pi Holdings (LON:RPI – Get Free Report) dropped 14% on Tuesday . The company traded as low as GBX 757 and last traded at GBX 764. 936,042 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 2,282,715 shares. The stock had previously closed at GBX 888.
Wall Street Analysts Forecast Growth
Separately, Deutsche Bank Aktiengesellschaft lifted their price objective on Raspberry Pi from GBX 550 to GBX 650 and gave the stock a “hold” rating in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Raspberry Pi currently has a consensus rating of “Hold” and an average target price of GBX 650.
Get Our Latest Research Report on Raspberry Pi
Raspberry Pi Stock Down 14.0%
Insider Transactions at Raspberry Pi
In related news, insider Richard David Boult sold 150,000 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of GBX 701, for a total transaction of £1,051,500. Also, insider Eben Upton CBE sold 190,000 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of GBX 967, for a total transaction of £1,837,300. In the last quarter, insiders sold 349,527 shares of company stock worth $294,882,010. 1.65% of the stock is currently 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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