<div id="readability-page-1"><p>Rackspace Technology, Inc. (NASDAQ:RXT - Get Free Report) EVP Dharmendra Kumar Sinha sold 91,151 shares of the firm's stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $1.04, for a total value of $94,797.04. Following the transaction, the executive vice president owned 2,568,895 shares of the company's stock, valued at $2,671,650.80. This trade represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities &amp; Exchange Commission, which can be accessed through this hyperlink.</p><div><p><span></span><span>Get <strong>Rackspace Technology</strong> alerts:</span></p></div><h2>Rackspace Technology Trading Up 2.4%</h2><ul><li>The 10 Top-Rated Stocks by Wall Street Analysts in August 2021</li></ul><p>RXT stock traded up $0.03 during mid-day trading on Friday, reaching $1.06. The company's stock had a trading volume of 723,567 shares, compared to its average volume of 1,089,173. The company has a market cap of $256.99 million, a price-to-earnings ratio of -0.98 and a beta of 2.07. Rackspace Technology, Inc. has a 12 month low of $1.00 and a 12 month high of $3.03. The business's 50 day moving average price is $1.37 and its 200 day moving average price is $1.32. </p><p>Rackspace Technology (NASDAQ:RXT - Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.05) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.05). The firm had revenue of $671.20 million for the quarter, compared to analyst estimates of $666.83 million. During the same period last year, the company posted ($0.04) earnings per share. The firm's quarterly revenue was down .7% compared to the same quarter last year.  Rackspace Technology has set its Q4 2025 guidance at -0.050--0.030 EPS.</p><h2>Wall Street Analyst Weigh In</h2><ul><li>The 10 Top-Rated Stocks by Wall Street Analysts in June 2021</li></ul><p>Several analysts have recently commented on the company. Royal Bank Of Canada reduced their target price on shares of Rackspace Technology from $2.00 to $1.75 and set a &#34;sector perform&#34; rating for the company in a research note on Monday, November 10th. Weiss Ratings  reaffirmed a &#34;sell (d-)&#34; rating on shares of Rackspace Technology in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Rackspace Technology from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a research note on Saturday, September 20th. Finally, BMO Capital Markets cut their target price on Rackspace Technology from $1.75 to $1.40 and set a &#34;market perform&#34; rating on the stock in a research note on Tuesday, August 12th. Four equities research analysts have rated the stock with a Hold rating and two have issued  a Sell rating to the stock. According to data from MarketBeat, the company  has a consensus rating of &#34;Reduce&#34; and an average target price of $1.51.</p><p><b>Check Out Our Latest Report on Rackspace Technology</b></p><h2>Institutional Investors Weigh In On Rackspace Technology</h2><p>Several large investors have recently added to or reduced their stakes in RXT. AustralianSuper Pty Ltd bought a new stake in  Rackspace Technology during the 3rd quarter valued at $2,276,000.  Russell Investments Group Ltd. raised its stake in shares of  Rackspace Technology by 4,053.5% during the 1st quarter. Russell Investments Group Ltd. now owns 846,112 shares of the company's stock valued at $1,430,000 after purchasing an additional 825,741 shares during the period.  Two Sigma Investments LP raised its stake in shares of  Rackspace Technology by 368.4% during the 3rd quarter. Two Sigma Investments LP now owns 673,689 shares of the company's stock valued at $950,000 after purchasing an additional 529,862 shares during the period.  Jacobs Levy Equity Management Inc. boosted its stake in  Rackspace Technology by 42.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,255,023 shares of the company's stock worth $2,121,000 after purchasing an additional 373,875 shares during the period.  Finally, Vanguard Group Inc. grew its holdings in  Rackspace Technology by 6.1% during the 3rd quarter. Vanguard Group Inc. now owns 6,288,882 shares of the company's stock valued at $8,867,000 after buying an additional 359,087 shares in the last quarter. Hedge funds and other institutional investors own  82.48% of the company's stock. </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>Featured Articles</h2><ul><li>Five stocks we like better than Rackspace Technology</li><li>What is the Hang Seng index?  </li><li>Power On: Applied Digital’s First AI Data Center Goes Live</li><li>What is the S&amp;P 500 and How It is Distinct from Other Indexes</li><li>Alphabet: The AI Leader Best Positioned to Dominate 2026</li><li>About the Markup Calculator</li><li>2 Reasons to Load Up on Fiserv, 1 to Stay Away</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 reporting and unbiased coverage. 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 Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Dharmendra Kumar Sinha, EVP of Rackspace Technology, sold 91,151 shares at $1.04 each, totaling $94,797.04. This sale reduced his ownership by 3.43%, leaving him with 2,568,895 shares. The transaction was disclosed in an SEC filing. Rackspace's stock rose 2.4% to $1.06, with a market cap of $256.99 million. Analysts have mixed ratings, with a consensus of "Reduce" and an average target price of $1.51. Institutional investors have adjusted their stakes in the company.</p>

Dharmendra Kumar Sinha Sells 91,151 Shares of Rackspace Technology (NASDAQ:RXT) Stock