Rackspace HR Chief Sells Shares in Pre-Arranged Plan
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 15 2026
0mins
Source: NASDAQ.COM
- 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 at a weighted average price of $5.56 per share, reducing her direct holdings by 2.51% to 1,318,734 shares post-sale.
- Transaction Context: This sale was a non-discretionary transaction executed under a pre-arranged Rule 10b5-1 trading plan established in 2023, aimed at avoiding insider trading accusations and fulfilling tax withholding obligations related to the vesting of restricted stock units.
- Market Performance Shift: Rackspace's stock price plummeted to a 52-week low of $0.39 in February 2026, but surged to a 52-week high of $7.65 in May following a multi-year agreement with semiconductor giant AMD, indicating a significant recovery potential in the market.
- Investor Consideration: Despite the stock's rebound, the Motley Fool Stock Advisor team did not include Rackspace in their current list of top investment stocks, suggesting that investors should carefully assess its future growth potential before making investment decisions.
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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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