RPX Corp. Director Geoffrey Barker Sells 15,000 Shares (RPXC)
RPX Corp. (NASDAQ:RPXC) Director Geoffrey Barker sold 15,000 shares of RPX Corp. stock on the open market in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $17.38, for a total value of $260,700.00. Following the sale, the director now directly owns 826,917 shares in the company, valued at approximately $14,371,817. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of RPX Corp. (NASDAQ:RPXC) traded down 1.90% on Wednesday, hitting $17.07. The stock had a trading volume of 352,021 shares. RPX Corp. has a 1-year low of $8.55 and a 1-year high of $19.88. The stock has a 50-day moving average of $16.96 and a 200-day moving average of $15.95. The company has a market cap of $890.3 million and a P/E ratio of 21.22.
RPX Corp. (NASDAQ:RPXC) last released its earnings data on Tuesday, July 30th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.23 by $0.03. The company had revenue of $57.50 million for the quarter, compared to the consensus estimate of $57.19 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. On average, analysts predict that RPX Corp. will post $0.99 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of RPX Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, August 2nd. They now have a $20.30 price target on the stock. Analysts at Lazard Capital Markets raised their price target on shares of RPX Corp. from $19.00 to $22.00 in a research note to investors on Thursday, August 1st. They now have a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $19.83.
RPX Corporation (NASDAQ:RPXC) provides patent risk management solutions, offering defensive buying, acquisition syndication, patent intelligence and advisory services.
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