New insider activity at Rackspace Technology ( (RXT) ) has taken place on September 8, 2025.
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Director Anthony Scott has recently sold 40,000 shares of Rackspace Technology stock, amounting to a total transaction value of $57,200.
Recent Updates on RXT stock
Rackspace Technology has announced the appointment of Gajen Kandiah as the new CEO, aiming to advance its AI-first multicloud strategy. This leadership change is part of Rackspace’s broader efforts to enhance its cloud management and private AI solutions. Despite these strategic moves, Rackspace’s stock is facing challenges due to declining revenues and high leverage, as highlighted in recent analyst ratings and technical analysis. The company’s financial struggles are reflected in its stock score and technical sentiment, which remain weak. Additionally, Rackspace has launched AI-enabled enhancements to its Cyber Defense Center, aiming to improve threat detection and response capabilities. These developments, however, have not significantly altered the stock’s overall market perception, which remains neutral.
Spark’s Take on RXT Stock
According to Spark, TipRanks’ AI Analyst, RXT is a Neutral.
Rackspace Technology’s overall stock score is primarily impacted by its weak financial performance, characterized by declining revenues and high leverage. While there are positive developments in strategic initiatives and leadership changes, these are overshadowed by the company’s financial challenges and valuation concerns.
To see Spark’s full report on RXT stock, click here.
More about Rackspace Technology
YTD Price Performance: -36.07%
Average Trading Volume: 995,434
Technical Sentiment Signal: Sell
Current Market Cap: $335.1M