Rackspace Technology (RXT)
Runs managed public-cloud and private-cloud operations for enterprise IT workloads.
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Provides managed services, Elastic Engineering, and professional services across AWS, Microsoft Azure, Google Cloud, and private-cloud environments. Public Cloud is the larger segment, while Private Cloud depends on Rackspace data centers, customer data centers, colocation partners, and legacy OpenStack operations.
Provides managed cloud operations, Elastic Engineering, professional services, cloud consulting, migration, optimization, data and analytics, cybersecurity, applications, and modern-work services across AWS, Microsoft Azure, Google Cloud, and private-cloud environments.
Serves customers in more than 120 countries through a model split between Public Cloud and Private Cloud. Public Cloud centers on hyperscaler-hosted environments, while Private Cloud runs customer workloads in Rackspace data centers, customer data centers, colocation facilities, and legacy OpenStack infrastructure.
Execution depends on deep technical support, continuous optimization, and partner access to hyperscaler ecosystems. The business also carries service-continuity and cybersecurity exposure from operating customer infrastructure, with a prior Hosted Exchange ransomware incident treated in context as limited to a small managed email product.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jun 17, 2026 | RBC Capital | Reiterate | Rating: —Target: — | Target: $4 |
| Jun 12, 2026 | UBS | Target | Target: $1.80 | Target: $5.50 |
| May 12, 2026 | BMO Capital | Target | Target: $3.50 | Target: $5 |
| Jun 2, 2025 | Raymond James | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $110.6M · Total debt $3.30B · Total assets $2.75B · Shareholders' equity −$1.28B
- Revenue
- $666.3M
- Operating income
- −$25.1M
- Net income
- −$67.5M
No dividends on record.
| Institutions | ≈ 80.14% | 204.25M shares | |
|---|---|---|---|
| 202 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 5.88% | 15.00M shares | |
| 12 holders · as of Sep 17, 2026 | |||
| Strategic holders | 50.85% | 129.61M shares | |
| 1 holder · as of May 14, 2026 | |||
| Adds to | 136.87% | ||
254.87M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 136.87%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Apollo Management Holdings, L.P.Institution | 50.85% | 129.61M | as of Jun 30, 2026 |
Apollo Management Holdings GP, LLC1,2Strategic10 percent owner | 50.85% | 129.61M | filed May 14, 2026 |
BlackRock, Inc.Institution | 3.09% | 7.87M | as of Jun 30, 2026 |
Voss Capital, LLCInstitution | 2.98% | 7.59M | as of Jun 30, 2026 |
AQR Capital Management LLCInstitution | 2.01% | 5.13M | as of Jun 30, 2026 |
- Apollo Management Holdings GP, LLC's transaction reports restate only vehicles that traded; the 2026 ownership statement (129.61M) is used instead.
- Apollo Management Holdings GP, LLC reports a block also reported by Apollo Management Holdings, L.P.; it is counted once, under Apollo Management Holdings, L.P.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 8, 2026 | Kellie Teal-Guess | officer: Chief Human Resources Officer | −33,558 | $3.13 |
| Sep 4, 2026 | Gajakarnan Vibushanan Kandiah | director, officer: Chief Executive Officer | −498,728 | $3.21 |
| Sep 2, 2026 | Gajakarnan Vibushanan Kandiah | director, officer: Chief Executive Officer | −8,258 | $2.95 |
| Sep 2, 2026 | Dharmendra Kumar Sinha | officer: EVP, President, Public Cloud | −107,002 | $2.95 |
| Sep 2, 2026 | Mark A. Marino | officer: Chief Financial Officer | −51,373 | $2.95 |
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CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Rackspace Technology | $4.14 | +0.49% | $1.03B | — | — | 0.4 | +0.6% |
| Accenture | $183.72 | −0.01% | $113.89B | 14.9 | 12.8 | 1.6 | +5.6% |
| Kyndryl | $12.14 | +0.54% | $2.69B | 8.3 | 4.8 | 0.1 | −3.3% |
| IBM | $231.96 | +0.29% | $218.51B | 20.5 | 18.1 | 3.2 | +1.1% |
| DXC Technology | $10.93 | −0.14% | $1.77B | 14.7 | 4.0 | 0.1 | −5.1% |
| Cognizant Technology Solutions | $58.69 | 0.00% | $26.75B | 12.8 | 9.7 | 1.2 | +4.5% |
| Infosys (ADR) | $10.76 | −0.09% | $44.19B | 13.4 | 13.2 | 2.2 | +1.0% |
| Wipro (ADR) | $1.70 | +1.19% | $16.52B | 12.6 | 16.1 | 1.7 | −1.0% |
| EPAM Systems | $111.62 | +0.05% | $5.91B | 15.3 | 8.2 | 1.1 | +4.5% |
| Median | 14.1 | 11.2 | 1.4 | +1.1% |