Insider Selling: RPX Corp. SVP Sells 5,481 Shares of Stock (RPXC)
RPX Corp. (NASDAQ:RPXC) SVP Martin E. Roberts sold 5,481 shares of the stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $16.73, for a total value of $91,697.13. Following the completion of the transaction, the senior vice president now directly owns 27,482 shares in the company, valued at approximately $459,774. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of RPX Corp. (NASDAQ:RPXC) traded down 0.43% during mid-day trading on Monday, hitting $16.33. 235,115 shares of the company’s stock traded hands. RPX Corp. has a 52-week low of $12.84 and a 52-week high of $19.88. The stock’s 50-day moving average is $16.17 and its 200-day moving average is $16.6. The company has a market cap of $863.9 million and a P/E ratio of 21.58.
RPX Corp. (NASDAQ:RPXC) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.18 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.05. The company had revenue of $60.30 million for the quarter, compared to the consensus estimate of $60.30 million. During the same quarter last year, the company posted $0.24 earnings per share. RPX Corp.’s revenue was up 16.9% compared to the same quarter last year. On average, analysts predict that RPX Corp. will post $1.02 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Cowen and Company initiated coverage on shares of RPX Corp. in a research note on Monday, March 17th. They set an “outperform” rating and a $20.00 price target on the stock. Separately, analysts at Zacks downgraded shares of RPX Corp. from a “neutral” rating to an “underperform” rating in a research note on Tuesday, February 25th. They now have a $15.40 price target on the stock. Finally, analysts at TheStreet upgraded shares of RPX Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. RPX Corp. presently has an average rating of “Hold” and an average price target of $19.35.
RPX Corporation (NASDAQ:RPXC) provides patent risk management solutions, offering defensive buying, acquisition syndication, patent intelligence and advisory services.
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