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Rackspace CEO Amar Maletira sold nearly 10.7% of his shares, totaling $975,840.80, on March 17.
Rackspace Technology, Inc. CEO Amar Maletira sold 521,840 shares on March 17, totaling $975,840.80, reducing his ownership by 10.67%.
The stock traded at $1.87 midday on Wednesday, with a market cap of $425.55 million.
Rackspace provides cloud services and recently reported revenue of $685.60 million, beating estimates.
Insider Srini Koushik also sold shares, decreasing his position by 7.33%.
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El director general de Rackspace, Amar Maletira, vendió casi el 10,7% de sus acciones, totalizando $975,840.80, el 17 de marzo.