RPX Corp. Director Geoffrey Barker Sells 15,000 Shares (RPXC)
RPX Corp. (NASDAQ:RPXC) Director Geoffrey Barker unloaded 15,000 shares of the stock on the open market in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $16.94, for a total transaction of $254,100.00. Following the completion of the transaction, the director now directly owns 646,917 shares of the company’s stock, valued at approximately $10,958,774. The sale was disclosed in a 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 research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. RPX Corp. currently has a consensus rating of “Hold” and a consensus target price 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 52 week low of $9.10 and a 52 week high of $19.88. The stock has a 50-day moving average of $16.61 and a 200-day moving average of $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 issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the 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. The company’s revenue for the quarter was up 24.7% on a year-over-year basis.
RPX Corporation (NASDAQ:RPXC) provides patent risk management solutions, offering defensive buying, acquisition syndication, patent intelligence and advisory services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.