Key Points
- EVP sold shares: Rackspace EVP Dharmendra Kumar Sinha sold 59,322 shares on Dec. 1 at an average price of $1.01 for about $59,915, trimming his stake to 2,509,573 shares (a 2.31% reduction); he also sold 91,151 shares on Nov. 28 at $1.04.
- Quarterly results and guidance: Rackspace reported Q3 EPS of ($0.05) (in line with estimates) and revenue of $671.2M (slightly above forecasts) with revenue down 0.7% year‑over‑year, and set Q4 2025 EPS guidance of -$0.050 to -$0.030.
- Analyst view and stock context: The stock trades around $1.04 with a market cap near $252M; analysts average a 'Reduce' rating and $1.51 target after several price‑target cuts (BMO to $1.40, RBC to $1.75).
Rackspace Technology, Inc. (NASDAQ:RXT - Get Free Report) EVP Dharmendra Kumar Sinha sold 59,322 shares of the firm's stock in a transaction on Monday, December 1st. The stock was sold at an average price of $1.01, for a total transaction of $59,915.22. Following the completion of the sale, the executive vice president owned 2,509,573 shares of the company's stock, valued at $2,534,668.73. This trade represents a 2.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Dharmendra Kumar Sinha also recently made the following trade(s):
- On Friday, November 28th, Dharmendra Kumar Sinha sold 91,151 shares of Rackspace Technology stock. The stock was sold at an average price of $1.04, for a total transaction of $94,797.04.
Rackspace Technology Trading Up 4.1%
Shares of RXT opened at $1.04 on Thursday. The firm has a market capitalization of $252.12 million, a PE ratio of -0.95 and a beta of 2.13. The stock's 50 day moving average is $1.35 and its two-hundred day moving average is $1.31. Rackspace Technology, Inc. has a twelve month low of $0.97 and a twelve month high of $3.03.
Rackspace Technology (NASDAQ:RXT - Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). The business had revenue of $671.20 million during the quarter, compared to analyst estimates of $666.83 million. During the same period in the prior year, the business earned ($0.04) earnings per share. The firm's quarterly revenue was down .7% compared to the same quarter last year. Rackspace Technology has set its Q4 2025 guidance at -0.050--0.030 EPS.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Quadrature Capital Ltd purchased a new position in Rackspace Technology in the 2nd quarter valued at about $26,000. Savant Capital LLC purchased a new stake in shares of Rackspace Technology during the third quarter worth about $33,000. Jump Financial LLC acquired a new position in shares of Rackspace Technology in the first quarter valued at approximately $40,000. R Squared Ltd lifted its stake in shares of Rackspace Technology by 74.3% during the third quarter. R Squared Ltd now owns 25,127 shares of the company's stock valued at $35,000 after buying an additional 10,707 shares during the period. Finally, Creative Planning lifted its stake in shares of Rackspace Technology by 114.2% during the second quarter. Creative Planning now owns 25,715 shares of the company's stock valued at $33,000 after buying an additional 13,708 shares during the period. Institutional investors and hedge funds own 82.48% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on RXT shares. BMO Capital Markets cut their price target on shares of Rackspace Technology from $1.75 to $1.40 and set a "market perform" rating for the company in a report on Tuesday, August 12th. Weiss Ratings restated a "sell (d-)" rating on shares of Rackspace Technology in a research report on Wednesday, October 8th. Royal Bank Of Canada lowered their price target on Rackspace Technology from $2.00 to $1.75 and set a "sector perform" rating on the stock in a report on Monday, November 10th. Finally, Wall Street Zen raised Rackspace Technology from a "sell" rating to a "hold" rating in a research note on Saturday, September 20th. Four investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Rackspace Technology presently has an average rating of "Reduce" and an average target price of $1.51.
Read Our Latest Research Report on Rackspace Technology
Rackspace Technology Company Profile
(
Get Free Report)
Rackspace Technology, Inc operates as a multi cloud technology services company in the Americas, Europe, the Middle East, Africa, and The Asia-Pacific region. It operates through three segments: Multicloud Services, Apps & Cross Platform, and OpenStack Public Cloud. The company provides public and private cloud managed services, which allow customers to determine, manage, and optimize the right infrastructure, platforms, and services; professional services related to designing and building multi cloud solutions and cloud-native applications; and managed hosting and colocation services.
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