RPX Corp. Director Sells $243,750 in Stock (RPXC)
RPX Corp. (NASDAQ:RPXC) Director Geoffrey T. Barker unloaded 15,000 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $16.25, for a total value of $243,750.00. Following the completion of the transaction, the director now directly owns 586,917 shares in the company, valued at approximately $9,537,401. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Separately, 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.73.
Shares of RPX Corp. (NASDAQ:RPXC) traded down 2.44% on Wednesday, hitting $15.97. 196,967 shares of the company’s stock traded hands. RPX Corp. has a 52 week low of $10.00 and a 52 week high of $19.88. The stock has a 50-day moving average of $16.78 and a 200-day moving average of $17.03. The company has a market cap of $838.0 million and a price-to-earnings ratio of 19.87.
RPX Corporation (NASDAQ:RPXC) provides patent risk management solutions, offering defensive buying, acquisition syndication, patent intelligence and advisory services.
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