Anthony Roberts Purchases Rackspace Technology Shares
Anthony Roberts acquired 37,950 shares of Rackspace Technology on June 18.
Key Points
- Anthony Roberts bought 37,950 shares of Rackspace Technology, Inc. (RXT) on June 18, 2026, as part of recent insider activity.
- Rackspace Technology's stock traded near $6.50 on Tuesday, with a market cap of about $1.7 billion and a 52-week high of $8.60.
- Analysts maintain a 'hold' rating on Rackspace with a target price of $4.83, reflecting mixed sentiment in the market.
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Anthony Roberts made a significant move on June 18, 2026, by purchasing 37,950 shares of Rackspace Technology, Inc. (NasdaqGS: RXT). This insider buying activity shows Roberts's interest in the company's potential.
Insider Buying and Selling at Rackspace Technology, Inc.
Several insiders were active in Rackspace Technology on June 18. Anthony Roberts bought 37,950 shares, while Garber Mitchell Alan and Benjamin Jeffrey also purchased 37,950 and 71,156 shares, respectively. Anthony Roberts also sold 35,472 shares at an average price of $7.22. CEO Gajen Kandiah sold 8,059 shares on June 4 at $5.92.
Rackspace Technology, Inc. Stock Up 132.1%
Shares of Rackspace Technology traded near $6.50 on Tuesday. The company has a market cap of approximately $1.7 billion and a forward P/E ratio of 131.4, indicating high expectations for future earnings. Rackspace's beta of 3.048 suggests significant volatility. The stock's 52-week range is between $0.39 and $8.60, with moving averages of $3.81 (50-day) and $1.89 (200-day).
$RXT stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
On June 17, 2026, RBC Capital maintained a 'hold' rating on Rackspace Technology with a price target of $4.00. Analysts have mixed views, with a consensus 'hold' recommendation and an average price target of $4.83.
About Rackspace Technology
Rackspace Technology, Inc. is a hybrid cloud and artificial intelligence solutions provider headquartered in San Antonio, Texas. The company operates in the Public Cloud and Private Cloud segments, offering services like cloud strategy, architecture, and security solutions. Led by CEO Gajen Kandiah, Rackspace serves various industries, including financial services, healthcare, and government.
Bottom Line
Anthony Roberts's recent purchase of Rackspace Technology shares highlights insider confidence in the company. Rackspace's stock shows volatility, with a high beta and fluctuating price. Analysts remain cautious, maintaining a 'hold' rating with a moderate price target. Investors should note that insider activity and analyst ratings provide insights but are not definitive indicators of future performance.
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