Rackspace Technology, Inc.'s (NASDAQ:RXT) largest shareholders are private equity firms with 53% ownership, individual investors own 23%

The considerable ownership by private equity firms in Rackspace Technology indicates that they collectively have a greater say in management and business strategy

The largest shareholder of the company is Apollo Global Management, Inc. with a 53% stake

Institutions own 20% of Rackspace Technology

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If you want to know who really controls Rackspace Technology, Inc. (NASDAQ:RXT), then you’ll have to look at the makeup of its share registry. And the group that holds the biggest piece of the pie are private equity firms with 53% ownership. Put another way, the group faces the maximum upside potential (or downside risk).

Individual investors, on the other hand, account for 23% of the company’s stockholders.

In the chart below, we zoom in on the different ownership groups of Rackspace Technology.

See our latest analysis for Rackspace Technology

NasdaqGS:RXT Ownership Breakdown January 17th 2026

Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.

As you can see, institutional investors have a fair amount of stake in Rackspace Technology. This suggests some credibility amongst professional investors. But we can’t rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It’s therefore worth looking at Rackspace Technology’s earnings history below. Of course, the future is what really matters.

NasdaqGS:RXT Earnings and Revenue Growth January 17th 2026

Rackspace Technology is not owned by hedge funds. Apollo Global Management, Inc. is currently the company’s largest shareholder with 53% of shares outstanding. This implies that they have majority interest control of the future of the company. In comparison, the second and third largest shareholders hold about 4.0% and 2.6% of the stock.

While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock’s expected performance. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.

The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.

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Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.

Our most recent data indicates that insiders own some shares in Rackspace Technology, Inc.. It has a market capitalization of just US$242m, and insiders have US$8.4m worth of shares, in their own names. This shows at least some alignment. You can click here to see if those insiders have been buying or selling.

With a 23% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Rackspace Technology. While this group can’t necessarily call the shots, it can certainly have a real influence on how the company is run.

Private equity firms hold a 53% stake in Rackspace Technology. This suggests they can be influential in key policy decisions. Sometimes we see private equity stick around for the long term, but generally speaking they have a shorter investment horizon and — as the name suggests — don’t invest in public companies much. After some time they may look to sell and redeploy capital elsewhere.

I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Consider for instance, the ever-present spectre of investment risk. We’ve identified 2 warning signs with Rackspace Technology (at least 1 which can’t be ignored) , and understanding them should be part of your investment process.

If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Rackspace Technology, Inc.’s (NASDAQ:RXT) largest shareholders are private equity firms with 53% ownership, individual investors own 23%

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