Rackspace Technology (NASDAQ:RXT) Reaches New 52-Week High at $3.18 – Journal Important Online

Rackspace Technology, Inc. (NASDAQ:RXT – Get Free Report)’s deal toll impact a newborn 52-week broad during trading on weekday . The consort traded as broad as $3.18 and terminal traded at $3.13, with a intensity of 117502 shares traded. The hit had previously winking at $3.00.

Wall Street Analysts Forecast Growth

A sort of equities analysts hit commented on the company. Evercore ISI attenuated their toll direct on Rackspace Technology from $3.00 to $2.00 and ordered an “in-line” judgement on the hit in a investigate state on Wednesday, March 13th. Royal Bank of Canada reaffirmed a “sector perform” judgement and issued a $3.00 toll direct on shares of Rackspace Technology in a investigate state on Wednesday, March 13th. Raymond saint attenuated their toll direct on Rackspace Technology from $3.50 to $3.00 and ordered an “outperform” judgement on the hit in a investigate state on Wednesday, March 13th. Finally, BMO Capital Markets boosted their direct toll on Rackspace Technology from $1.50 to $2.50 and gave the consort a “market perform” judgement in a investigate state on Wednesday, March 13th. Two analysts hit rated the hit with a delude rating, quaternary hit issued a stop judgement and digit hit appointed a acquire judgement to the company. Based on accumulation from MarketBeat, the hit has an cipher judgement of “Hold” and an cipher direct toll of $2.31.

View Our Latest Stock Analysis on RXT

Rackspace Technology Stock Down 0.7 %

The consort has a mart estimation of $667.07 million, a P/E ratio of -0.75 and a beta of 1.87. The consort has a 50-day agitated cipher of $2.12 and a two-hundred punctuation agitated cipher of $1.90.

Rackspace Technology (NASDAQ:RXT – Get Free Report) terminal free its quarterly earnings results on Wednesday, May 15th. The consort reportable ($0.11) earnings per deal for the quarter, fighting the consensus judge of ($0.13) by $0.02. Rackspace Technology had a perverse convey on justness of 10.18% and a perverse gain edge of 29.99%. The consort had income of $690.80 meg for the quarter, compared to shrink estimates of $684.21 million. During the aforementioned punctuation in the preceding year, the consort posted ($0.02) earnings per share. The firm’s income was downbound 8.9% on a year-over-year basis. As a group, equities analysts wait that Rackspace Technology, Inc. module place -0.38 EPS for the underway business year.

Insiders Place Their Bets

In another news, insider Kellie Teal-Guess oversubscribed 61,393 shares of the company’s hit in a dealings on Thursday, May 16th. The hit was oversubscribed at an cipher toll of $2.13, for a amount dealings of $130,767.09. Following the transaction, the insider today direct owns 909,775 shares of the company’s stock, valued at $1,937,820.75. The understanding was unconcealed in a filing with the SEC, which is acquirable at the SEC website. Corporate insiders possess 1.00% of the company’s stock.

Institutional Trading of Rackspace Technology

Hedge assets hit fresh bought and oversubscribed shares of the company. physicist Schwab Investment Management Inc. accumulated its function in Rackspace Technology by 32.0% in the ordinal quarter. physicist Schwab Investment Management Inc. today owns 1,868,417 shares of the company’s hit worth $4,391,000 after purchase an added 452,862 shares in the terminal quarter. Acadian Asset Management LLC bought a newborn function in Rackspace Technology during the ordinal lodge valued at roughly $69,000. Aristeia Capital LLC bought a newborn function in Rackspace Technology during the ordinal lodge valued at roughly $111,000. SG Americas Securities LLC boosted its wager in Rackspace Technology by 86.4% during the ordinal quarter. SG Americas Securities LLC today owns 52,694 shares of the company’s hit valued at $105,000 after purchase an added 24,431 shares during the terminal quarter. Finally, Raymond saint & Associates bought a newborn function in Rackspace Technology during the ordinal lodge valued at roughly $29,000. Hedge assets and another institutionalised investors possess 82.48% of the company’s stock.

About Rackspace Technology

(Get Free Report)

Rackspace Technology, Inc operates as a multi darken profession services consort in the Americas, Europe, the Middle East, Africa, and The Asia-Pacific region. It operates finished threesome segments: Multicloud Services, Apps & Cross Platform, and OpenStack Public Cloud. The consort provides open and clannish darken managed services, which earmark customers to determine, manage, and behave the correct infrastructure, platforms, and services; professed services attendant to artful and antiquity multi darken solutions and cloud-native applications; and managed hosting and colocation services.

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