RPX Corp. SVP Sells $73,203 in Stock (RPXC)
RPX Corp. (NASDAQ:RPXC) SVP Steven S. Swank unloaded 4,502 shares of the company’s stock on the open market in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $16.26, for a total transaction of $73,202.52. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of RPX Corp. (NASDAQ:RPXC) traded down 2.06% during mid-day trading on Tuesday, hitting $16.20. 389,529 shares of the company’s stock traded hands. RPX Corp. has a 52-week low of $14.44 and a 52-week high of $19.88. The stock’s 50-day moving average is $16.40 and its 200-day moving average is $16.54. The company has a market cap of $855.4 million and a P/E ratio of 24.98.
RPX Corp. (NASDAQ:RPXC) last announced its earnings results on Tuesday, April 29th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.01. The company had revenue of $61.90 million for the quarter, compared to the consensus estimate of $62.20 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis. 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 TheStreet upgraded shares of RPX Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, May 1st. Separately, analysts at Zacks upgraded shares of RPX Corp. from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 15th. They now have a $16.70 price target on the stock. Finally, 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $19.68.
RPX Corporation (NASDAQ:RPXC) provides patent risk management solutions, offering defensive buying, acquisition syndication, patent intelligence and advisory services.
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