Insider Buys at Rackspace Technology: Anthony Scott Purchases Shares

Anthony Scott, an insider at Rackspace Technology, Inc. (NasdaqGS: RXT), acquired 37,950 shares of the company on June 18, 2026. The transaction did not involve a planned purchase, reflecting a direct buy.

Insider Buying and Selling at Rackspace Technology, Inc.

On June 18, 2026, several insiders made moves at Rackspace Technology. Anthony Scott purchased 37,950 shares, while Garber Mitchell Alan and Benjamin Jeffrey also each acquired 37,950 and 71,156 shares, respectively. Anthony Roberts sold 35,472 shares at a price of $7.22 but also bought 37,950 shares. CEO Gajen Kandiah sold 8,059 shares earlier in the month on June 4 at $5.92.

Other Institutional Activity in Rackspace Technology

Several institutional investors adjusted their positions in Rackspace Technology. BlackRock, Inc. increased its holdings by 1,617,891 shares, bringing its total to 7,528,032 shares valued at approximately $7.38 million. Vanguard Capital Management LLC opened a new position with 4,617,625 shares valued at about $4.53 million. AQR Capital Management LLC made a significant increase, adding 4,407,173 shares to end with 4,537,429 shares worth $4.45 million. Janus Henderson Group PLC also increased its stake by 1,887,317 shares for a total of 2,937,670 shares valued around $2.88 million.

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 expectations of future earnings growth. Rackspace's stock has been volatile, with a 52-week range between $0.39 and $8.60. The stock's 50-day moving average is $3.81, while the 200-day moving average is $1.89. Its current and quick ratios are 0.68 and 0.46, respectively, suggesting some liquidity constraints.

Analysts Set New Price Targets

On June 17, 2026, RBC Capital maintained its hold rating for Rackspace Technology with a price target of $4.00. The consensus among analysts is a hold rating, with a mean price target of $4.83 based on three analyst opinions.

About Rackspace Technology

Rackspace Technology, Inc., headquartered in San Antonio, Texas, provides hybrid cloud and AI solutions globally. It operates through Public Cloud and Private Cloud segments, offering services from data center infrastructure to cloud strategy and security. Under CEO Gajen Kandiah, Rackspace serves various sectors including finance, healthcare, and education, employing around 5,000 people.

Bottom Line

Insider buying activity at Rackspace Technology, including Anthony Scott's recent purchase, can signal confidence in the company's future. While Rackspace's stock has shown volatility, institutional interest remains strong with significant stakes from major funds. However, investors should remember that insider transactions are reported after the fact and may not reflect current positions.