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Raspberry PI Holdings plc ( (GB:RPI) ) has provided an announcement.
Raspberry Pi Holdings disclosed that its chief executive officer, Eben Upton, has purchased 7,589 ordinary shares on the London Stock Exchange’s Main Market at £2.6212 per share. Following the transaction, Upton holds 2,586,452 shares in the company, a move likely to be read by investors as a sign of management’s confidence and alignment with shareholder interests.
The most recent analyst rating on (GB:RPI) stock is a Hold with a £250.00 price target. To see the full list of analyst forecasts on Raspberry PI Holdings plc stock, see the GB:RPI Stock Forecast page.
Spark’s Take on GB:RPI Stock
According to Spark, TipRanks’ AI Analyst, GB:RPI is a Neutral.
The score is primarily supported by strong revenue growth and a solid balance sheet, but is held back by recent margin deterioration and negative free cash flow. Technicals are neutral-to-weak (below key longer-term moving averages with a negative MACD), and the high P/E without dividend support further pressures the overall rating.
To see Spark’s full report on GB:RPI stock, click here.
More about Raspberry PI Holdings plc
Raspberry Pi Holdings, based in Cambridge, develops low-cost, high-performance general-purpose computing platforms aimed at enthusiasts, engineers and educational users worldwide. The company is a full-stack engineering organisation spanning semiconductor IP, hardware and software design, with products serving industrial and embedded, enthusiast and education, and semiconductor markets, and has sold over 60 million units to date.
Average Trading Volume: 389,422
Technical Sentiment Signal: Sell
Current Market Cap: £507.4M
For a thorough assessment of RPI stock, go to TipRanks’ Stock Analysis page.