CFO of RACKSPACE HOSTING INC (RAX) Bruce R Knooihuizen sells 50,000 shares of RAX on 12/01/2010 at an average price of $30.04 a share.

Rackspace Hosting Inc has a market cap of $3.85 billion; its shares were traded at around $30.49 with a P/E ratio of 98.4 and P/S ratio of 6.1.

RAX is in the portfolios of RS Investment Management, Steven Cohen of SAC Capital Advisors.

CFO Recent Trades:

• Sell: CFO Bruce R Knooihuizen sold 50,000 shares of RAX stock on 09/28/2010 at the average price of 24.95. Bruce R Knooihuizen owns at least 67,047 shares after this. The price of the stock has increased by 22.2% since.

This is the insider trade history vs. stock price of RAX. For the complete insider trading history of RAX, click here.

Directors and Officers Recent Trades:

• Sell: Director George J Jr Still sold 40,000 shares of RAX stock on 12/03/2010 at the average price of 30.07. George J Jr Still owns at least 356,695 shares after this. The price of the stock has increased by 1.4% since.


• Sell: Director S. James Bishkin sold 18,813 shares of RAX stock on 12/01/2010 at the average price of 30.04. S. James Bishkin owns at least 206,616 shares after this. The price of the stock has increased by 1.5% since.


• Sell: SVP and GM, Cloud Patrick M. Matthews sold 3,000 shares of RAX stock on 12/01/2010 at the average price of 30.06. Patrick M. Matthews owns at least 225,367 shares after this. The price of the stock has increased by 1.43% since.


• Sell: SVP Marketing and Product Dev. Klee Robert Kleber sold 10,000 shares of RAX stock on 12/01/2010 at the average price of 30.05. Klee Robert Kleber owns at least 10,251 shares after this. The price of the stock has increased by 1.46% since.


• Sell: 10% Owner Fargo & Co/mn Wells sold 108,634 shares of RAX stock on 11/15/2010 at the average price of 27.46. Fargo & Co/mn Wells owns at least 14,935,920 shares after this. The price of the stock has increased by 11.03% since.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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