Rackspace Technology Inc (NASDAQ: RXT) is -0.90% lower on its value in year-to-date trading and has touched a low of $1.45 and a high of $3.41 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RXT stock was last observed hovering at around $2.22 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $2.19, the stock is -17.84% and -13.14% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing -1.35% at the moment leaves the stock -11.16% off its SMA200. RXT registered 24.43% gain for a year compared to 6-month gain of -2.23%.
The stock witnessed a -24.48% loss in the last 1 month and extending the period to 3 months gives it a -11.69%, and is -7.59% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.39% over the week and 5.98% over the month.
Rackspace Technology Inc (RXT) has around 5800 employees, a market worth around $498.38M and $2.74B in sales. Profit margin for the company is -31.52%. Distance from 52-week low is 51.03% and -35.75% from its 52-week high. The company has generated returns on investments over the last 12 months (-39.97%).
The EPS is expected to grow by 54.64% this year.
Rackspace Technology Inc (RXT) Top Institutional Holders
The shares outstanding are 229.10M, and float is at 61.87M with Short Float at 6.54%.
The top institutional shareholder in the company is APOLLO MANAGEMENT HOLDINGS, L.P. with over 129.61 million shares valued at $386.23 million. The investor’s holdings represent 57.7323% of the RXT Shares outstanding. As of 2024-06-30, the second largest holder is LEGAL & GENERAL GROUP PLC with 7.85 million shares valued at $23.39 million to account for 3.5713 of the shares outstanding. The other top investors are MACKENZIE FINANCIAL CORP which holds 6.97 million shares representing 3.1058% and valued at over $20.78 million, while BLACKROCK INC. holds 2.1737 of the shares totaling 4.78 million with a market value of $14.24 million.
Rackspace Technology Inc (RXT) Insider Activity
The most recent transaction is an insider sale by TEAL-GUESS KELLIE, the company’s Chief Human Resources Officer. SEC filings show that TEAL-GUESS KELLIE sold 5,412 shares of the company’s common stock on Mar 03 ’25 at a price of $2.37 per share for a total of $12826.0. Following the sale, the insider now owns 0.88 million shares.
Rackspace Technology Inc disclosed in a document filed with the SEC on Mar 03 ’25 that Koushik Srini (President, Technology) sold a total of 9,165 shares of the company’s common stock. The trade occurred on Mar 03 ’25 and was made at $2.37 per share for $21721.0. Following the transaction, the insider now directly holds 1.01 million shares of the RXT stock.
Still, SEC filings show that on Mar 03 ’25, Maletira Amar (Chief Executive Officer) disposed off 38,355 shares at an average price of $2.37 for $90901.0. The insider now directly holds 4,890,168 shares of Rackspace Technology Inc (RXT).
