RPX Corp. Director Unloads $233,100 in Stock (RPXC)
RPX Corp. (NASDAQ:RPXC) Director Geoffrey T. Barker unloaded 15,000 shares of RPX Corp. stock on the open market in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $15.54, for a total value of $233,100.00. Following the sale, the director now directly owns 571,917 shares of the company’s stock, valued at approximately $8,887,590. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
RPX Corp. (NASDAQ:RPXC) traded down 0.06% during mid-day trading on Wednesday, hitting $15.40. The stock had a trading volume of 285,751 shares. RPX Corp. has a one year low of $10.40 and a one year high of $19.88. The stock has a 50-day moving average of $16.69 and a 200-day moving average of $16.92. The company has a market cap of $808.1 million and a P/E ratio of 18.70.
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 analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target 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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