Insider Selling: RPX Corp. EVP Sells 10,000 Shares of Stock (RPXC)
RPX Corp. (NASDAQ:RPXC) EVP Mallun Yen unloaded 10,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $16.84, for a total value of $168,400.00. Following the completion of the sale, the executive vice president now directly owns 9,250 shares in the company, valued at approximately $155,770. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
RPXC has been the subject of a number of recent research reports. Analysts at TheStreet downgraded shares of RPX Corp. from a “hold” rating to a “sell” rating in a research note to investors on Thursday, December 12th. Separately, analysts at Barclays raised their price target on shares of RPX Corp. from $18.00 to $20.00 in a research note to investors on Wednesday, October 30th. They now have an “overweight” rating on the stock. Finally, analysts at Zacks upgraded shares of RPX Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, October 23rd. They now have a $17.90 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $19.73.
RPX Corp. (NASDAQ:RPXC) traded up 0.30% on Thursday, hitting $16.95. The stock had a trading volume of 796,224 shares. RPX Corp. has a one year low of $9.10 and a one year high of $19.88. The stock’s 50-day moving average is $16.61 and its 200-day moving average is $16.99. The company has a market cap of $889.4 million and a price-to-earnings ratio of 20.51.
RPX Corp. (NASDAQ:RPXC) last released its earnings data on Tuesday, October 29th. The company reported $0.21 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.21. The company had revenue of $58.60 million for the quarter, compared to the consensus estimate of $58.00 million. RPX Corp.’s revenue was up 24.7% compared to the same quarter last year.
RPX Corporation (NASDAQ:RPXC) provides patent risk management solutions, offering defensive buying, acquisition syndication, patent intelligence and advisory services.
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