RPX Corp. SVP Unloads $93,287 in Stock (RPXC)
RPX Corp. (NASDAQ:RPXC) SVP Martin E. Roberts sold 5,481 shares of the company’s stock on the open market in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $17.02, for a total transaction of $93,286.62. Following the transaction, the senior vice president now directly owns 19,680 shares of the company’s stock, valued at approximately $334,954. The transaction was disclosed in a filing with the SEC, which is available at this link.
RPX Corp. (NASDAQ:RPXC) traded up 0.35% during mid-day trading on Tuesday, hitting $17.04. 244,388 shares of the company’s stock traded hands. 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 $16.64 and a 200-day moving average of $17.0. The company has a market cap of $894.2 million and a price-to-earnings ratio of 20.61.
RPX Corp. (NASDAQ:RPXC) last issued its quarterly 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. Analysts expect that RPX Corp. will post $0.98 EPS for the current fiscal year.
Several analysts have recently commented on the stock. 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 issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $19.73.
RPX Corporation (NASDAQ:RPXC) provides patent risk management solutions, offering defensive buying, acquisition syndication, patent intelligence and advisory services.
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