GSA Capital Partners LLP Takes $2.82 Million Position in Rackspace Technology, Inc. $RXT

GSA Capital Partners LLP acquired a new stake in shares of Rackspace Technology, Inc. (NASDAQ:RXT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 432,204 shares of the company’s stock, valued at approximately $2,822,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Abel Hall LLC purchased a new stake in Rackspace Technology in the 1st quarter worth approximately $30,000. Creative Planning raised its holdings in Rackspace Technology by 114.2% in the 2nd quarter. Creative Planning now owns 25,715 shares of the company’s stock valued at $33,000 after acquiring an additional 13,708 shares during the last quarter. Jump Financial LLC purchased a new position in shares of Rackspace Technology during the 4th quarter worth $34,000. SG Americas Securities LLC purchased a new position in shares of Rackspace Technology during the 1st quarter worth $34,000. Finally, State of Wyoming acquired a new stake in shares of Rackspace Technology during the first quarter worth $35,000. Hedge funds and other institutional investors own 82.48% of the company’s stock.

Insider Activity

In other news, CFO Mark A. Marino sold 48,099 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $5.56, for a total transaction of $267,430.44. Following the completion of the sale, the chief financial officer owned 3,370,431 shares in the company, valued at approximately $18,739,596.36. The trade was a 1.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 2.30% of the company’s stock.

Rackspace Technology News Summary

Here are the key news stories impacting Rackspace Technology this week:

• Positive Sentiment: Rackspace reported quarterly revenue of $670.1 million, above the $646 million analyst consensus, while its adjusted loss per share was $0.08 versus estimates of a $0.09 loss. The results initially supported a sharp move higher in the shares. Rackspace Technology Shares Gap Up Following Earnings Beat
• Positive Sentiment: The company appointed Chetan Gupta, Ph.D., as chief AI officer. He will lead Rackspace’s AI strategy, research, governance and customer adoption, with a focus on enterprise, regulated-industry and sovereign AI deployments. The move may strengthen the company’s positioning in a strategically important growth market, although no immediate financial impact was disclosed. Rackspace Technology Appoints Chief AI Officer
• Neutral Sentiment: Multiple law firms are soliciting investors who purchased Rackspace securities from May 7 through July 8, 2026, to seek lead-plaintiff status by September 28, 2026. These releases largely repeat the same lawsuit announcement rather than representing separate new cases. Kaplan Fox Rackspace Investor Notice
• Negative Sentiment: The securities class action alleges that Rackspace and certain executives violated federal securities laws through material misstatements or omissions related to public-cloud resale representations and the company’s enterprise AI efforts. The notices reference a subsequent $125 million reduction in guidance after previously reaffirmed full-year targets. The allegations have not been proven, but the litigation creates legal, reputational and potential financial risks for RXT. SueWallSt Rackspace Class Action Summary

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on RXT shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rackspace Technology in a research report on Tuesday, June 2nd. Royal Bank Of Canada raised their price target on Rackspace Technology from $2.50 to $4.00 and gave the stock a “sector perform” rating in a research note on Wednesday, June 17th. Finally, Wall Street Zen cut Rackspace Technology from a “hold” rating to a “sell” rating in a report on Saturday. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $4.00.

Rackspace Technology Trading Down 2.1%

Shares of RXT opened at $4.21 on Friday. Rackspace Technology, Inc. has a twelve month low of $0.39 and a twelve month high of $8.60. The firm has a market capitalization of $1.07 billion, a P/E ratio of -6.48 and a beta of 3.05. The stock’s fifty day simple moving average is $5.25 and its 200 day simple moving average is $3.27.

Rackspace Technology (NASDAQ:RXT) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. The firm had revenue of $670.10 million for the quarter, compared to analysts’ expectations of $646.00 million. Sell-side analysts predict that Rackspace Technology, Inc. will post -0.28 earnings per share for the current year.

Rackspace Technology Profile

Rackspace Technology (NASDAQ: RXT) is a leading provider of managed multi-cloud solutions and services, specializing in the deployment, management and optimization of public and private cloud environments. The company helps organizations design and operate applications across platforms such as Amazon Web Services (AWS), Microsoft Azure, Google Cloud and its own private cloud infrastructure. Rackspace’s core offerings include cloud migration, application modernization, data protection, security services and 24x7x365 operational support.

Beyond cloud hosting, Rackspace offers a range of professional services designed to accelerate digital transformation initiatives.