Insider Selling: RPX Corp. SVP Sells 5,482 Shares of Stock (RPXC)
RPX Corp. (NASDAQ:RPXC) SVP Martin Roberts sold 5,482 shares of the company’s stock on the open market in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $17.57, for a total value of $96,318.74. Following the completion of the sale, the senior vice president now directly owns 13,703 shares of the company’s stock, valued at approximately $240,762. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of RPX Corp. (NASDAQ:RPXC) traded up 1.14% on Friday, hitting $17.72. The stock had a trading volume of 201,109 shares. RPX Corp. has a one year low of $8.55 and a one year high of $19.88. The stock has a 50-day moving average of $17.04 and a 200-day moving average of $15.97. The company has a market cap of $924.2 million and a P/E ratio of 21.37.
RPX Corp. (NASDAQ:RPXC) last posted its quarterly earnings results 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. Analysts expect that RPX Corp. will post $0.99 EPS for the current fiscal year.
RPXC has been the subject of a number of recent research reports. 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. RPX Corp. currently has a consensus 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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