Rackspace Technology (RXT) Insider Roberts Sells $256K of Stock

Anthony Roberts, an insider at Rackspace Technology, Inc. (NasdaqGS: RXT), sold 35,472 shares of the company on June 18, 2026. The shares were sold at an average price of $7.22, totaling approximately $256,107. This transaction was not part of a pre-planned trading program.

What Changed in Anthony Roberts's Rackspace Technology Position

Anthony Roberts parted with 35,472 shares of Rackspace Technology in a transaction on June 18, 2026. The sale, at an average price of $7.22, brought in about $256,107 for Roberts. This sale was an unplanned transaction.

Other Institutional Activity in Rackspace Technology

BlackRock, Inc. increased its holdings in Rackspace Technology by 1,617,891 shares, bringing its total to 7,528,032 shares, valued at roughly $7.38 million. Vanguard Capital Management LLC opened a new position with 4,617,625 shares, valued at approximately $4.53 million. AQR Capital Management LLC significantly boosted its stake by 4,407,173 shares, now holding 4,537,429 shares worth about $4.45 million. Janus Henderson Group PLC also expanded its position by 1,887,317 shares to a total of 2,937,670 shares, valued at $2.88 million.

Rackspace Technology, Inc. Stock Up 132.4%

Shares of Rackspace Technology (NasdaqGS: RXT) traded near $6.50 on Tuesday. The company has a market capitalization of about $1.70 billion and a forward P/E ratio of 131.4. With a beta of 3.048, the stock has experienced volatility. Rackspace's 52-week range is between $0.39 and $8.60, and it has moving averages of $3.81 over 50 days and $1.89 over 200 days. The company's current ratio is 0.681, and its quick ratio is 0.464.

Recent Earnings

Rackspace Technology reported revenue of $2.70 billion, with a growth rate of 1.9%. Despite this, the company is not yet profitable, as indicated by a negative EPS of -$0.61. The net margin stands at -5.41%. The company is expected to announce its next earnings on August 6, 2026.

Insider Buying and Selling at Rackspace Technology, Inc.

Alongside Anthony Roberts's sale, other insiders were active on June 18, 2026. Garber Mitchell Alan acquired 37,950 shares, while Benjamin Jeffrey picked up 71,156 shares. Both transactions were unplanned purchases. Additionally, CEO Kandiah Gajakarnan Vibushanan sold 8,059 shares on June 4, 2026, at an average price of $5.92.

Analysts Set New Price Targets

On June 17, 2026, RBC Capital maintained its 'hold' rating on Rackspace Technology with a price target of $4.00. Overall, the consensus among analysts is a 'hold' rating, with a mean target price of $4.83 based on three analyst opinions.

About Rackspace Technology

Rackspace Technology, Inc., based in San Antonio, Texas, provides hybrid cloud and AI solutions across multiple regions, including the United States and the United Kingdom. The company operates through its Public Cloud and Private Cloud segments, offering infrastructure, cloud security, and AI services. Led by CEO Gajen Kandiah, Rackspace serves various industries such as financial services, healthcare, and education, helping them with cloud adoption and data management.

Bottom Line

Anthony Roberts's recent sale of shares in Rackspace Technology adds to the ongoing insider activities within the company. Investors often watch these transactions closely, as they can provide insights into insider sentiment. While Rackspace Technology shows growth potential with its cloud services, its profitability remains a concern, as reflected in its financial metrics. Keep in mind that these insider sales and institutional moves are backward-looking and may not reflect the current position of these stakeholders.