Big Investors Bet on Rackspace Technology

Rackspace Technology, Inc. is catching the eye of big investors. Russell Investments Group Ltd. made a huge move, increasing its stake in the company by a whopping 4, 053. 5% in the first quarter. This means they now own 846, 112 shares, worth about $1. 43 million. But Russell isn't the only one. Other big players like Price T. Rowe Associates and MetLife Investment Management also boosted their investments in Rackspace. The company's stock has been a bit of a rollercoaster. It recently opened at $1. 21, with a 50-day average of $1. 29 and a 200-day average of $1. 55. The stock has a market cap of $289. 63 million and a beta of 2. 06, which means it's more volatile than the market average. Rackspace Technology reported its earnings recently. They made $666. 30 million in revenue, which is a bit less than expected. Their earnings per share were also lower than predicted. The company has set its guidance for Q3 2025 at -0. 060 to -0. 040 EPS. Analysts have mixed feelings about Rackspace. Some rate it as a "hold, " while others have downgraded it to a "sell. " The consensus rating is "Reduce, " with a price target of $1. 58. This shows that while some see potential, others are cautious. Rackspace Technology operates globally, offering multi-cloud services. They help customers manage and optimize their cloud infrastructure. The company serves various regions, including the Americas, Europe, and Asia-Pacific.