Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Rackspace Technology Inc shares valued at $2,403,836 were sold by Maletira Amar on Sep 15 ’25. At $1.35 per share, Maletira Amar sold 1,780,619 shares. The insider’s holdings dropped to 4,608,619 shares worth approximately $6.64 million following the completion of this transaction.
Also, Maletira Amar purchased 2,000,000 shares, netting a total of over 2,900,000 in proceeds.
Before that, Scott Anthony had sold 40,000 shares from its account. In a trade valued at $57,200, the Director traded Rackspace Technology Inc shares for $1.43 each. Upon closing the transaction, the insider’s holdings decreased to 40,000 shares, worth approximately $0.28 million.
As published in a research note from Raymond James on June 02, 2025, Rackspace Technology Inc [RXT] has been rated down from an Outperform to a Mkt perform. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in early November. As of September 19, 2023, Raymond James has increased its “Mkt perform” rating to a “an Outperform” for RXT. Earlier on July 25, 2023, Citigroup downgraded its rating. Their new recommendation was “a Sell” for RXT stock which previously was a “a Neutral”.
Analyzing RXT Stock Performance
On last trading session, Rackspace Technology Inc [NASDAQ: RXT] rose 6.67% to $1.44. The stock’s lowest price that day was $1.335, but it reached a high of $1.46 in the same session. During the last five days, there has been a surge of approximately 2.13%. Over the course of the year, Rackspace Technology Inc shares have dropped approximately -42.63%.
Is Rackspace Technology Inc subject to short interest?
Stocks of Rackspace Technology Inc saw a sharp steep in short interest on 2025-08-29 dropping by -0.73 million shares to 4.04 million. Data from Yahoo Finance shows that the short interest on 2025-07-31 was 4.77 million shares. A decline of -17.94% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.11 of the overall float, the days-to-cover ratio (short ratio) decline to 5.11.
Which companies own the most shares of Rackspace Technology Inc (RXT)?
In terms of Rackspace Technology Inc share price expectations, FactSet research, analysts set an average price target of 3.25 in the next 12 months, up nearly 140.74% from the previous closing price of $1.35. Analysts anticipate Rackspace Technology Inc stock to reach 5 by 2025, with the lowest price target being 1.8. In spite of this, 8 analysts ranked Rackspace Technology Inc stock as Buy at the end of 2025. On October 11, 2022, Evercore ISI assigned a price target of “an In-line” to the stock and downgraded coverage with a $5.
