Rackspace Scott Anthony Sells 48,780 Shares for $207,315

On August 17, 2026, Scott Anthony, Director of Rackspace Technology (NASDAQ:RXT), sold 48,780 shares of the company's common stock. The sale price averaged $4.25 per share, resulting in a total transaction value of $207,315. As of the August 14, 2026 market close, Anthony's remaining equity position was reduced to 180,215 shares, valued at $758,705.

Following this transaction, Anthony owns a 0.07% stake in Rackspace Technology, which has a total market capitalization of $866.5 million. The company generates $2.7 billion in trailing twelve-month revenue and is a global provider of multi-cloud technology services, organizing its business into Multicloud Services and Apps & Cross Platform divisions.

Analysts project significant growth in the cloud computing market, with sales expected to reach $1.1 trillion by the end of 2026 and $2.2 trillion by 2031. Despite the substantial sale, Anthony's equity position remains substantial, and the company is expected to continue benefiting from the growth of the cloud market.