Rackspace Technology (NASDAQ:RXT) Director Anthony Scott Sells 48,780 Shares of Stock

Rackspace Technology, Inc. (NASDAQ:RXT) Director Anthony Scott sold 48,780 shares of Rackspace Technology stock in a transaction on Friday, August 14th. The shares were sold at an average price of $4.25, for a total value of $207,315.00. Following the transaction, the director owned 180,215 shares of the company’s stock, valued at $765,913.75. The trade was a 21.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Rackspace Technology Trading Down 6.2%

Rackspace Technology stock traded down $0.26 during mid-day trading on Monday, hitting $3.95. The company had a trading volume of 7,240,306 shares, compared to its average volume of 7,503,221. The stock’s 50 day moving average price is $5.25 and its two-hundred day moving average price is $3.28. Rackspace Technology, Inc. has a 12 month low of $0.39 and a 12 month high of $8.60. The company has a market capitalization of $1.01 billion, a PE ratio of -6.08 and a beta of 3.05.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. AQR Capital Management LLC boosted its position in shares of Rackspace Technology by 228.6% during the first quarter. AQR Capital Management LLC now owns 264,565 shares of the company’s stock worth $447,000 after acquiring an additional 184,058 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Rackspace Technology in the 1st quarter valued at $113,000. Geode Capital Management LLC lifted its stake in Rackspace Technology by 17.9% in the 2nd quarter. Geode Capital Management LLC now owns 2,064,549 shares of the company’s stock worth $2,643,000 after purchasing an additional 313,636 shares in the last quarter. Creative Planning lifted its stake in Rackspace Technology by 114.2% in the 2nd quarter. Creative Planning now owns 25,715 shares of the company’s stock worth $33,000 after purchasing an additional 13,708 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Rackspace Technology by 25.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,437,879 shares of the company’s stock valued at $1,840,000 after purchasing an additional 292,249 shares during the last quarter. Hedge funds and other institutional investors own 82.48% of the company’s stock.

Analyst Upgrades and Downgrades

RXT has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Rackspace Technology from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rackspace Technology in a report on Tuesday, June 2nd. Finally, Royal Bank Of Canada lifted their target price on Rackspace Technology from $2.50 to $4.00 and gave the company a “sector perform” rating in a research report on Wednesday, June 17th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $4.00.

Rackspace Technology News Roundup

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

• Neutral Sentiment: Several law firms announced or promoted the same pending federal securities class action, with a September 28, 2026 deadline for investors to seek appointment as lead plaintiff. The notices target investors who purchased Rackspace securities between May 7 and July 8, 2026; the deadline itself does not establish that the allegations are valid. Rackspace Technology securities fraud class-action deadline
• Negative Sentiment: The lawsuits allege that Rackspace and certain executives made material misstatements or omissions concerning the company’s enterprise AI efforts. One notice linked the case to a reported stock decline of roughly 33%, raising concerns about potential litigation costs, management distraction, and reputational damage if the claims advance. Rackspace securities fraud class action after AI effort issues
• Negative Sentiment: The concentrated legal-news coverage adds uncertainty around Rackspace’s AI growth narrative and could keep volatility elevated. The announcements are largely investor-solicitation notices repeating the same allegations, rather than new company operating results or a court finding against Rackspace. Faruqi Rackspace class-action notice

About Rackspace Technology

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.