In a filing, Rackspace Technology Inc revealed its Chief Executive Officer Maletira Amar unloaded Company’s shares for reported $0.98 million on Mar 17 ’25. In the deal valued at $1.87 per share,521,840 shares were sold. As a result of this transaction, Maletira Amar now holds 4,368,328 shares worth roughly $5.77 million.
Then, Marino Mark A. sold 20,217 shares, generating $37,806 in total proceeds. Upon selling the shares at $1.87, the Chief Financial Officer now owns 1,917,446 shares.
Before that, SINHA DHARMENDRA KUMAR sold 176,374 shares. Rackspace Technology Inc shares valued at $329,819 were divested by the EVP, President, Public Cloud at a price of $1.87 per share. As a result of the transaction, SINHA DHARMENDRA KUMAR now holds 2,117,455 shares, worth roughly $2.8 million.
Raymond James downgraded its Rackspace Technology Inc [RXT] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in early November with a ‘”a Neutral”‘ rating. Raymond James also remained covering RXT and has increased its forecast on September 19, 2023 with a “an Outperform” recommendation from previously “Mkt perform” rating. Citigroup revised its rating on July 25, 2023. It rated RXT as “a Sell” which previously was an “a Neutral”.
Price Performance Review of RXT
On Tuesday, Rackspace Technology Inc [NASDAQ:RXT] saw its stock jump 3.94% to $1.32. Over the last five days, the stock has gained 28.16%. Rackspace Technology Inc shares have fallen nearly -40.27% since the year began. Nevertheless, the stocks have fallen -40.27% over the past one year.
How much short interest is there in Rackspace Technology Inc?
A steep rise in short interest was recorded in Rackspace Technology Inc stocks on 2025-05-15, growing by 0.39 million shares to a total of 5.53 million shares. Yahoo Finance data shows the prior-month short interest on 2025-04-15 was 5.14 million shares. There was a rise of 6.97%, which implies that there is a positive sentiment for the stock.
