Short Interest in Rackspace Technology, Inc. (NASDAQ:RXT) Rises By 41.2%

Rackspace Technology, Inc. (NASDAQ:RXT) was the target of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 12,895,212 shares, an increase of 41.2% from the January 29th total of 9,134,292 shares. Approximately 5.5% of the company’s shares are sold short. Based on an average daily trading volume, of 3,162,409 shares, the short-interest ratio is currently 4.1 days. Based on an average daily trading volume, of 3,162,409 shares, the short-interest ratio is currently 4.1 days. Approximately 5.5% of the company’s shares are sold short.

Wall Street Analyst Weigh In

A number of research analysts recently commented on RXT shares. Royal Bank Of Canada increased their price target on Rackspace Technology from $1.75 to $2.50 and gave the company a “sector perform” rating in a report on Friday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rackspace Technology in a research note on Thursday, January 22nd. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Rackspace Technology has a consensus rating of “Reduce” and an average target price of $1.70.

Insiders Place Their Bets

In other Rackspace Technology news, EVP Dharmendra Kumar Sinha sold 45,393 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $1.81, for a total value of $82,161.33. Following the transaction, the executive vice president directly owned 2,464,180 shares of the company’s stock, valued at $4,460,165.80. This trade represents a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mark A. Marino sold 20,183 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $1.81, for a total value of $36,531.23. Following the transaction, the chief financial officer directly owned 2,172,932 shares in the company, valued at $3,933,006.92. This trade represents a 0.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 300,259 shares of company stock valued at $501,226. Insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Rackspace Technology

Institutional investors have recently modified their holdings of the business. Janus Henderson Group PLC raised its stake in Rackspace Technology by 70.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,050,353 shares of the company’s stock worth $1,020,000 after acquiring an additional 435,113 shares during the period. Bridgeway Capital Management LLC grew its holdings in shares of Rackspace Technology by 34.6% during the fourth quarter. Bridgeway Capital Management LLC now owns 350,000 shares of the company’s stock valued at $340,000 after purchasing an additional 90,000 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Rackspace Technology during the 4th quarter worth approximately $34,000. Wells Fargo & Company MN raised its position in shares of Rackspace Technology by 13.4% during the 4th quarter. Wells Fargo & Company MN now owns 244,939 shares of the company’s stock worth $238,000 after purchasing an additional 28,885 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in shares of Rackspace Technology by 4.4% in the 4th quarter. Federated Hermes Inc. now owns 719,747 shares of the company’s stock worth $699,000 after purchasing an additional 30,024 shares during the last quarter. Institutional investors own 82.48% of the company’s stock.

Rackspace Technology Price Performance

Shares of NASDAQ RXT traded up $0.24 during trading on Tuesday, reaching $2.46. The stock had a trading volume of 38,568,508 shares, compared to its average volume of 61,264,584. Rackspace Technology has a one year low of $0.39 and a one year high of $2.74. The firm’s 50 day moving average price is $0.94 and its two-hundred day moving average price is $1.18.

Key Headlines Impacting Rackspace Technology

Here are the key news stories impacting Rackspace Technology this week:

• Positive Sentiment: Royal Bank of Canada raised its price target on RXT to $2.50 (from $1.75) and kept a sector‑perform view — a near‑term bullish analyst signal that likely helped lift the stock. Price Target Raised to $2.50
• Positive Sentiment: Large institutional moves were reported (AQR, Geode and others increasing or establishing positions), which supports demand and liquidity for the shares and can underpin further upside. MarketBeat RXT Overview
• Neutral Sentiment: Short interest update was published (coverage note), which could be interpreted either way depending on whether short positions rose or fell; the article itself should be checked for specifics before drawing conclusions. Short Interest Update
• Negative Sentiment: Two senior executives sold stock on March 2: EVP Dharmendra Kumar Sinha sold 45,393 shares and CFO Mark A. Marino sold 20,183 shares, both at about $1.81 — insider exits can spook investors even though both retain large post‑sale positions. See the SEC/insider filings for details. EVP Form 4 CFO Form 4

Rackspace Technology Company Profile

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.