On December 6, 2024, Anthony Roberts, a Director at Rackspace Technology Inc (RXT, Financial), purchased 19,455 shares of the company. Following this transaction, the insider now owns a total of 161,930 shares. The transaction details can be found in the SEC Filing.
Rackspace Technology Inc is a leading end-to-end multicloud technology services company. The company designs, builds, and operates its customers’ cloud environments across all major technology platforms, irrespective of technology stack or deployment model.
The insider's recent purchase is part of a broader trend observed over the past year, where the insider has acquired a total of 19,455 shares and has not sold any shares. In contrast, the overall insider transaction history for Rackspace Technology Inc shows 1 insider buy and 16 insider sells over the same period.
On the day of the purchase, shares of Rackspace Technology Inc were trading at $2.60 each, giving the stock a market cap of $562.095 million. The stock's GF Value is estimated at $2.26, resulting in a price-to-GF-Value ratio of 1.15, indicating that the stock is fairly valued according to its GF Value.
The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also considers a GuruFocus adjustment factor based on the company’s past returns and growth, along with future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
