Share on StockTwits

Rackspace Hosting (NYSE:RAX) COO Mark Roenigk unloaded 379 shares of the company’s stock on the open market in a transaction dated Monday, August 11th. The shares were sold at an average price of $31.29, for a total transaction of $11,858.91. Following the completion of the transaction, the chief operating officer now directly owns 44,962 shares of the company’s stock, valued at approximately $1,406,861. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Several analysts have recently commented on the stock. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of Rackspace Hosting in a research note on Tuesday. They now have a $35.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Rackspace Hosting from $35.00 to $37.00 in a research note on Tuesday. Finally, analysts at Piper Jaffray cut their price target on shares of Rackspace Hosting from $45.00 to $43.00 in a research note on Tuesday. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.58.

Rackspace Hosting (NYSE:RAX) traded up 1.36% on Wednesday, hitting $29.90. The stock had a trading volume of 2,484,634 shares. Rackspace Hosting has a 52 week low of $26.18 and a 52 week high of $54.20. The stock’s 50-day moving average is $32.15 and its 200-day moving average is $33.57. The company has a market cap of $4.248 billion and a P/E ratio of 49.17. Rackspace Hosting also saw some unusual options trading activity on Monday. Stock traders bought 11,336 call options on the company. This represents an increase of approximately 250% compared to the typical volume of 3,241 call options.

Rackspace Hosting (NYSE:RAX) last announced its earnings results on Monday, August 11th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The company had revenue of $441.10 million for the quarter, compared to the consensus estimate of $437.00 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 17.3% on a year-over-year basis. On average, analysts predict that Rackspace Hosting will post $0.67 earnings per share for the current fiscal year.

Rackspace Hosting, Inc, is the open cloud company. The Company offers a diverse portfolio of cloud computing services, including public, dedicated and private cloud, and hybrid hosting.

Receive News & Ratings for Rackspace Hosting Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rackspace Hosting Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.