Rackspace Technology (NASDAQ:RXT) CFO Sells $151,550.35 in Stock

Posted by George Bondi on Sep 2nd, 2026

Rackspace Technology, Inc. (NASDAQ:RXT – Get Free Report) CFO Mark Marino sold 51,373 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $2.95, for a total value of $151,550.35. Following the sale, the chief financial officer directly owned 2,865,853 shares in the company, valued at $8,454,266.35. The trade was a 1.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.

Rackspace Technology Price Performance

Shares of NASDAQ:RXT traded up $0.01 during trading on Wednesday, hitting $3.01. The company had a trading volume of 6,300,549 shares, compared to its average volume of 7,284,960. The stock has a market cap of $767.16 million, a price-to-earnings ratio of -4.63 and a beta of 3.05. Rackspace Technology, Inc. has a one year low of $0.39 and a one year high of $8.60. The company has a fifty day simple moving average of $4.50 and a two-hundred day simple moving average of $3.54.

Rackspace Technology (NASDAQ:RXT – Get Free Report) last announced its earnings results on Monday, August 10th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01. The company had revenue of $670.10 million during the quarter, compared to analysts’ expectations of $646.00 million. On average, equities research analysts anticipate that Rackspace Technology, Inc. will post -0.28 earnings per share for the current year.

Trending Headlines about Rackspace Technology

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

Neutral Sentiment: Investors who purchased Rackspace securities between May 7 and July 8, 2026, and suffered losses, may seek appointment as lead plaintiff by September 28. These notices are procedural and do not establish that Rackspace committed wrongdoing. Kaplan Fox deadline announcement
Negative Sentiment: The lawsuit alleges that Rackspace and certain executives made misleading statements or failed to disclose material information about the company’s artificial-intelligence efforts and their expected impact on financial performance. Bleichmar Fonti & Auld lawsuit announcement
Negative Sentiment: One litigation notice claims Rackspace’s June restructuring filing disclosed severance costs and anticipated savings but allegedly omitted a roughly $150 million revenue shortfall that surfaced about three weeks later. The allegations followed a reported 33.6% stock decline, increasing legal, reputational and potential financial risks for RXT. SueWallSt Rackspace deadline alert

Institutional Investors Weigh In On Rackspace Technology

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on RXT shares. Wall Street Zen cut Rackspace Technology from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Royal Bank Of Canada upped their target price on shares of 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, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rackspace Technology in a research report on Friday, August 28th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $4.00.

View Our Latest Analysis on RXT

About Rackspace Technology

(Get Free Report)

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.