COO of RACKSPACE HOSTING INC (RAX) Mark Roenigk sells 8,310 shares of RAX on 12/14/2010 at an average price of $31.99 a share.

Rackspace Hosting Inc has a market cap of $3.95 billion; its shares were traded at around $31.34 with a P/E ratio of 101.1 and P/S ratio of 6.3.

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 12/01/2010 at the average price of 30.04. Bruce R Knooihuizen owns at least 67,047 shares after this. The price of the stock has increased by 4.33% since.


• 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 25.61% 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 80,000 shares of RAX stock on 12/14/2010 at the average price of 31.94. George J Jr Still owns at least 208,195 shares after this. The price of the stock has decreased by 1.88% since.


• Sell: SVP and GM, Cloud Patrick M. Matthews sold 10,000 shares of RAX stock on 12/10/2010 at the average price of 31.11. Patrick M. Matthews owns at least 215,367 shares after this. The price of the stock has increased by 0.74% since.


• Sell: Director George J Jr Still sold 40,000 shares of RAX stock on 12/10/2010 at the average price of 32.32. George J Jr Still owns at least 288,195 shares after this. The price of the stock has decreased by 3.03% since.


• Sell: Director George J Jr Still sold 15,000 shares of RAX stock on 12/06/2010 at the average price of 30.46. George J Jr Still owns at least 341,695 shares after this. The price of the stock has increased by 2.89% since.


• 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 4.22% 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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