Rackspace Technology (NASDAQ:RXT - Get Free Report) is expected to release its Q4 2025 results before the market opens on Thursday, February 19th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter. Interested persons can check the company's upcoming Q4 2025 earning summary page for the latest details on the call scheduled for Thursday, February 26, 2026 at 8:30 AM ET.
Rackspace Technology Stock Performance
NASDAQ RXT opened at $0.42 on Thursday. Rackspace Technology has a one year low of $0.41 and a one year high of $3.03. The company has a market capitalization of $103.02 million, a price-to-earnings ratio of -0.39 and a beta of 2.18. The company's 50-day simple moving average is $0.89 and its two-hundred day simple moving average is $1.17.
Insider Activity at Rackspace Technology
In related news, EVP Dharmendra Kumar Sinha sold 59,322 shares of Rackspace Technology stock in a transaction on Monday, December 1st. The shares were sold at an average price of $1.01, for a total value of $59,915.22. Following the sale, the executive vice president owned 2,509,573 shares of the company's stock, valued at approximately $2,534,668.73. This trade represents a 2.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is owned by company insiders.
Institutional Investors Weigh In On Rackspace Technology
A number of institutional investors and hedge funds have recently made changes to their positions in RXT. Northwestern Mutual Wealth Management Co. raised its position in Rackspace Technology by 46,034.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 279,115 shares of the company's stock valued at $271,000 after purchasing an additional 278,510 shares during the period. Geode Capital Management LLC boosted its stake in shares of Rackspace Technology by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 2,408,000 shares of the company's stock valued at $2,338,000 after purchasing an additional 96,760 shares during the period. Verition Fund Management LLC acquired a new position in shares of Rackspace Technology in the third quarter valued at approximately $151,000. Bank of America Corp DE increased its position in shares of Rackspace Technology by 31.3% during the third quarter. Bank of America Corp DE now owns 344,185 shares of the company's stock worth $485,000 after acquiring an additional 82,011 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in Rackspace Technology by 4.0% in the third quarter. Alliancebernstein L.P. now owns 290,750 shares of the company's stock valued at $410,000 after acquiring an additional 11,300 shares in the last quarter. 82.48% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
RXT has been the subject of a number of analyst reports. Royal Bank Of Canada decreased their price objective on Rackspace Technology from $2.00 to $1.75 and set a "sector perform" rating for the company in a research note on Monday, November 10th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Rackspace Technology in a research report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Reduce" and an average target price of $1.51.
Read Our Latest Stock Report on Rackspace Technology
Rackspace Technology Company Profile
(
Get Free Report)
Rackspace Technology NASDAQ: RXT is a leading provider of managed multi-cloud solutions and services, specializing in the deployment, management and optimization of public and private cloud environments. The company helps organizations design and operate applications across platforms such as Amazon Web Services (AWS), Microsoft Azure, Google Cloud and its own private cloud infrastructure. Rackspace's core offerings include cloud migration, application modernization, data protection, security services and 24x7x365 operational support.
Beyond cloud hosting, Rackspace offers a range of professional services designed to accelerate digital transformation initiatives.
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