<div id="readability-page-1"><p>Rackspace Technology, Inc. (NASDAQ:RXT - Get Free Report) CFO Mark A. Marino sold 202,230 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $2.61, for a total transaction of $527,820.30. Following the sale, the chief financial officer now owns 1,713,126 shares of the company's stock, valued at approximately $4,471,258.86. This trade represents a 10.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available through the SEC website.</p><div><p><span></span><span>Get <strong>Rackspace Technology</strong> alerts:</span></p></div><h2>Rackspace Technology Trading Up 1.6 %</h2><ul><li>The 10 Top-Rated Stocks by Wall Street Analysts in August 2021</li></ul><p>Shares of NASDAQ:RXT traded up $0.04 during midday trading on Wednesday, reaching $2.62. The company had a trading volume of 1,099,765 shares, compared to its average volume of 865,721. The stock has a market cap of $596.23 million, a P/E ratio of -0.68 and a beta of 2.04. The company's 50 day moving average price is $2.52 and its 200 day moving average price is $2.50. Rackspace Technology, Inc. has a 52-week low of $1.45 and a 52-week high of $3.41. </p><p>Rackspace Technology (NASDAQ:RXT - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.02) earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.02. The business had revenue of $685.60 million during the quarter, compared to analysts' expectations of $674.85 million. </p><h2>Institutional Trading of Rackspace Technology</h2><ul><li>The 10 Top-Rated Stocks by Wall Street Analysts in June 2021</li></ul><p>A number of institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC grew its stake in  Rackspace Technology by 64.7% during the third quarter. SG Americas Securities LLC now owns 34,467 shares of the company's stock valued at $84,000 after acquiring an additional 13,543 shares in the last quarter.  Creative Planning purchased a new stake in  Rackspace Technology during the 3rd quarter valued at $29,000.  US Bancorp DE boosted its position in  Rackspace Technology by 10,766.2% during the 3rd quarter. US Bancorp DE now owns 16,408 shares of the company's stock valued at $40,000 after buying an additional 16,257 shares during the period.  GSA Capital Partners LLP purchased a new position in  Rackspace Technology during the 3rd quarter valued at about $412,000.  Finally, Sargent Investment Group LLC increased its holdings in  Rackspace Technology by 25.6% during the 3rd quarter. Sargent Investment Group LLC now owns 270,100 shares of the company's stock valued at $662,000 after purchasing an additional 55,000 shares during the period. Hedge funds and other institutional investors own  82.48% of the company's stock. </p><h2>Analyst Ratings Changes</h2><p>Separately, Barclays boosted their price objective on Rackspace Technology from $1.00 to $2.00 and gave the company an &#34;underweight&#34; rating in a research note on Monday, November 18th. One investment analyst  has rated the stock with a sell rating, four have issued  a hold rating and one  has issued  a buy rating to the stock. According to data from MarketBeat, the stock  has a consensus rating of &#34;Hold&#34; and an average price target of $2.47.</p><ul><li>Rackspace Is A Value In Cloud-Computing</li></ul><p><b>Check Out Our Latest Research Report on RXT</b></p><h2>About Rackspace Technology</h2> (Get Free Report)<p>Rackspace Technology, Inc operates as a multi cloud technology services company in the Americas, Europe, the Middle East, Africa, and The Asia-Pacific region. It operates through three segments: Multicloud Services, Apps &amp; Cross Platform, and OpenStack Public Cloud. The company provides public and private cloud managed services, which allow customers to determine, manage, and optimize the right infrastructure, platforms, and services; professional services related to designing and building multi cloud solutions and cloud-native applications; and managed hosting and colocation services.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Rackspace Technology</li><li>3 Warren Buffett Stocks to Buy Now</li><li>Buffett’s on the Sidelines – Should You Follow?</li><li>Procter &amp; Gamble <span>NYSE: PG<span></span></span> Pulls Back After Shaky Guidance</li><li>AST SpaceMobile Stock Surges 17% After Analyst Upgrade</li><li>What is Forex and How Does it Work? </li><li>3 Stocks With Triple-Digit PEs That Are Still Worth a Look</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UlhU?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UlhU"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Rackspace Technology Right Now?</h2><p>Before you consider Rackspace Technology, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rackspace Technology wasn't on the list.</p><p>While Rackspace Technology currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Rackspace Technology, Inc. CFO Mark A. Marino sold 202,230 shares of the company's stock at an average price of $2.61, totaling $527,820.30. Following the sale, he owns 1,713,126 shares, a 10.56% decrease in ownership. The transaction was disclosed to the SEC. Rackspace's stock recently traded at $2.62, with a market cap of $596.23 million. The company reported earnings of ($0.02) per share, beating estimates, and had revenue of $685.60 million. Institutional investors hold 82.48% of the stock, with Barclays raising its price target to $2.00.</p>

Rackspace Technology, Inc. (NASDAQ:RXT) CFO Mark A. Marino Sells 202,230 Shares