Rackspace TechnologyRXT
About: Rackspace Technology Inc is an end-to-end, hybrid, multi cloud technology services company. It designs, builds and operates its customers' cloud environments across all technology platforms, irrespective of technology stack or deployment model. The company's solutions include Application Services; Data; Colocation; Cloud; Managed Hosting; Professional Services; and Security & Compliance. It operates in segments namely, Private Cloud, and Public Cloud. It generates revenue through the sale of consumption-based contracts for its service offerings and from the sale of professional services related to designing and building custom solutions.
Employees: 5,800
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
62% more call options, than puts
Call options by funds: $222K | Put options by funds: $137K
58% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 12
28% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 25
8% more funds holding
Funds holding: 88 [Q2] → 95 (+7) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
3.69% less ownership
Funds ownership: 78.18% [Q2] → 74.49% (-3.69%) [Q3]
21% less capital invested
Capital invested by funds: $522M [Q2] → $413M (-$109M) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Barclays Ramsey El-Assal 69% 1-year accuracy 37 / 54 met price target | 11%downside $2 | Underweight Maintained | 18 Nov 2024 |
Financial journalist opinion
Based on 3 articles about RXT published over the past 30 days
