Rackspace Executive Sells Shares for Approximately $189,000
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 15 2026
0mins
Source: Fool
- Executive Stock Sale: Kellie Teal-Guess, Chief Human Resources Officer at Rackspace Technology, sold 33,966 shares on June 4, 2026, for approximately $189,000, indicating her ongoing involvement in the company's equity.
- Holding Proportion Change: This transaction represented 2.51% of Teal-Guess's direct holdings, reflecting a modest reduction while still maintaining confidence in the company's future, as she retains over 1.3 million shares.
- Trading Plan Context: The sale was executed under a pre-established Rule 10b5-1 trading plan set up in 2023 to cover tax withholding obligations on vested restricted stock units, indicating it was not discretionary but rather a planned transaction.
- Market Performance Overview: As of June 4, 2026, Rackspace Technology's stock delivered a total return of 255.12% over the past year, showcasing a strong rebound from a low of $0.39 earlier in the year, following a multi-year agreement with AMD that propelled shares to a 52-week high of $7.65.
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Analyst Views on RXT
Wall Street analysts forecast RXT stock price to fall
3 Analyst Rating
0 Buy
3 Hold
0 Sell
Hold
Current: 7.220
Low
1.30
Averages
1.48
High
1.75
Current: 7.220
Low
1.30
Averages
1.48
High
1.75
About RXT
Rackspace Technology, Inc. is an end-to-end hybrid, hybrid cloud, and artificial intelligence (AI) solutions company. The Company designs, builds, and operates its customers’ cloud environments across all technology platforms, irrespective of technology stack or deployment model. The Company operates through two segments. Its Public Cloud segment is a service-centric, capital-light model providing value-added cloud solutions through managed services, elastic engineering and professional services offerings for customer environments hosted on the Amazon Web Services (AWS), Microsoft Azure and Google Cloud public cloud platforms. Its Private Cloud segment is a technology-forward, capital-intensive model providing managed service offerings for customer environments hosted in one of its data centers as well as in those owned by customers or by third parties. Private Cloud product portfolio includes Programmatic Infrastructure, Cloud Operating Systems, Platform-as-a-Service, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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