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Rackspace Technology Inc

NEW
NAS:RXT (USA)   Ordinary Shares
$ 3.225 +0.090 (+2.88%) 12:08 AM EST
At Loss
Market Cap:
$ 821.97M
Enterprise V:
$ 3.98B
Volume:
9.51M
Avg Vol (2M):
8.30M
Trade In:
Volume:
9.51M
At Loss
Avg Vol (2M):
8.30M

RXT Number of Guru Trades

To

RXT Volume of Guru Trades

To

Gurus Latest Trades with NAS:RXT

No Available Data

NAS:RXT is held by these investors

Guru
Portfolio Date
Current Shares
% of Shares outstanding
% of Total Assets Managed
Comment
Joel Greenblatt
2026-06-30
42,305
0.020
0%
New holding
Total 1

Rackspace Technology Inc Insider Transactions

No Available Data

Guru Commentaries on NAS:RXT

2026 Q2
Q2 2026 Voss Letter to Partners VVMF
What the manager wrote

We have initiated a small position in Rackspace Technology (RXT), a global managed service provider in both public and private cloud. RXT represents a classic high-leverage 'stub' stock turnaround situation: a ~$900 million equity market cap resting atop a ~$3.8 billion enterprise value. We think majority owner Apollo’s ~51% stake keeps management firmly aligned with minority equity holders. Our confidence that they can move back much closer to $800 million EBITDA over the next 18-24 months is based on three factors: growth in their Private Cloud business, new management's strategic focus on AI infrastructure, and a significant agreement with AMD that could generate substantial revenue and EBITDA. The stock has been hit recently, but we believe the turnaround is underway, as evidenced by a 40% sequential increase in total Remaining Performance Obligations.

2026 Q2
voss-value-fund-2026-q2
What the manager wrote

We have initiated a small position in Rackspace Technology (RXT), a global managed service provider in both public and private cloud. RXT represents a classic high-leverage 'stub' stock turnaround situation: a ~$900 million equity market cap resting atop a ~$3.8 billion enterprise value. We think majority owner Apollo’s ~51% stake keeps management aligned with minority equity holders. Our confidence that they can move back much closer to $800 million EBITDA over the next 18-24 months is based on three factors: growth in their Private Cloud business, new management's strategic focus on AI infrastructure, and a significant agreement with AMD that could generate substantial revenue and EBITDA. The stock has been hit recently, but we believe the turnaround is underway, as evidenced by a 40% sequential increase in Remaining Performance Obligations.

2026 Q2
What the manager wrote

We have initiated a small position in Rackspace Technology (RXT), a global managed service provider in both public and private cloud. RXT represents a classic high-leverage 'stub' stock turnaround situation. We think majority owner Apollo’s ~51% stake keeps management firmly aligned with minority equity holders. Our confidence that they can move back much closer to the $800 million EBITDA level over the next 18-24 months is based on three factors: growth in their Private Cloud business, new management's strategic focus on AI infrastructure, and a significant agreement with AMD that could produce substantial revenue and EBITDA. The stock has been hit recently, but we believe the equity has materially underreacted to the turnaround potential.

News about NAS:RXT

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