COO of Rackspace Hosting, Inc. (RAX) Mark Roenigk sells 13,566 shares of RAX on 12/17/2012 at an average price of $68.25 a share.

Rackspace Hosting, Inc. has a market cap of $9.24 billion; its shares were traded at around $72.44 with a P/E ratio of 93.5 and P/S ratio of 9. Rackspace Hosting, Inc. had an annual average earning growth of 30.7% over the past 5 years.

This is the annual revenues and earnings per share of RAX over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of RAX.

CEO Recent Trades:

• CEO A Lanham Napier sold 500 shares of RAX stock on 11/29/2012 at the average price of 70. A Lanham Napier owns at least 4,572,528 shares after this. The price of the stock has increased by 3.49% since.
• CEO A Lanham Napier sold 210,494 shares of RAX stock on 11/08/2012 at the average price of 62.35. A Lanham Napier owns at least 4,578,028 shares after this. The price of the stock has increased by 16.18% since.
• CEO A Lanham Napier sold 210,494 shares of RAX stock on 11/08/2012 at the average price of 62.35. A Lanham Napier owns at least 4,573,028 shares after this. The price of the stock has increased by 16.18% since.
• CEO A Lanham Napier sold 2,123 shares of RAX stock on 08/10/2012 at the average price of 53.21. A Lanham Napier owns at least 4,573,028 shares after this. The price of the stock has increased by 36.14% since.

CFO Recent Trades:

• CFO Karl Pichler sold 200 shares of RAX stock on 08/14/2012 at the average price of 54.26. Karl Pichler owns at least 41,198 shares after this. The price of the stock has increased by 33.51% since.
• CFO Karl Pichler sold 229 shares of RAX stock on 08/10/2012 at the average price of 53.14. Karl Pichler owns at least 41,398 shares after this. The price of the stock has increased by 36.32% 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:

• COO Mark Roenigk sold 13,566 shares of RAX stock on 12/17/2012 at the average price of 68.25. Mark Roenigk owns at least 43,496 shares after this. The price of the stock has increased by 6.14% since.
• Director George J Jr Still sold 30,131 shares of RAX stock on 12/13/2012 at the average price of 66.95. George J Jr Still owns at least 61,822 shares after this. The price of the stock has increased by 8.2% since.
• Director George J Jr Still sold 50,000 shares of RAX stock on 12/07/2012 at the average price of 67.25. George J Jr Still owns at least 91,953 shares after this. The price of the stock has increased by 7.72% since.
• President, Cloud Lew Moorman sold 90,000 shares of RAX stock on 12/03/2012 at the average price of 68.22. Lew Moorman owns at least 1,111,183 shares after this. The price of the stock has increased by 6.19% since.
• SVP, Corporate Development Patrick M. Matthews sold 7,500 shares of RAX stock on 12/03/2012 at the average price of 68.22. Patrick M. Matthews owns at least 113,530 shares after this. The price of the stock has increased by 6.19% since.

For the complete insider trading history of RAX, click here.

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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