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RPX Corp. (NASDAQ:RPXC) Director Geoffrey T. Barker sold 20,045 shares of RPX Corp. stock on the open market in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $16.20, for a total value of $324,729.00. Following the completion of the sale, the director now directly owns 384,399 shares of the company’s stock, valued at approximately $6,227,264. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

RPX Corp. (NASDAQ:RPXC) traded up 2.04% on Friday, hitting $16.49. The stock had a trading volume of 187,769 shares. RPX Corp. has a one year low of $14.44 and a one year high of $19.88. The stock’s 50-day moving average is $16.39 and its 200-day moving average is $16.44. The company has a market cap of $874.2 million and a P/E ratio of 24.41.

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.

A number of research firms have recently commented on RPXC. 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 analyst has rated the stock with a hold rating and four have issued a buy rating to the company. RPX Corp. currently has a consensus rating of “Buy” and a consensus target price 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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