Share on StockTwits

Rackspace Hosting (NYSE:RAX) CFO Karl Pichler sold 488 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $31.29, for a total value of $15,269.52. Following the sale, the chief financial officer now directly owns 59,884 shares in the company, valued at approximately $1,873,770. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Rackspace Hosting (NYSE:RAX) traded up 3.75% during mid-day trading on Thursday, hitting $31.02. The stock had a trading volume of 4,146,022 shares. Rackspace Hosting has a 1-year low of $26.18 and a 1-year high of $54.20. The stock has a 50-day moving average of $32.15 and a 200-day moving average of $33.57. The company has a market cap of $4.407 billion and a P/E ratio of 49.83. Rackspace Hosting also saw some unusual options trading activity on Monday. Stock investors purchased 11,336 call options on the stock. This is an increase of approximately 250% compared to the typical volume of 3,241 call options.

Rackspace Hosting (NYSE:RAX) last released its earnings data on Monday, August 11th. The company reported $0.16 EPS for the quarter, meeting the Thomson Reuters 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. Analysts expect that Rackspace Hosting will post $0.67 EPS for the current fiscal year.

RAX has been the subject of a number of recent research reports. 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 analysts have rated the stock with a hold rating and six have given a buy rating to the company. Rackspace Hosting presently has an average rating of “Hold” and a consensus price target of $40.58.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.