RPX Corp. SVP Sells $58,144 in Stock (RPXC)
RPX Corp. (NASDAQ:RPXC) SVP Paul E. Scola sold 3,509 shares of the company’s stock on the open market in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $16.57, for a total transaction of $58,144.13. Following the sale, the senior vice president now directly owns 2,951 shares in the company, valued at approximately $48,898. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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 issued a buy rating to the stock. RPX Corp. has a consensus rating of “Buy” and a consensus price target of $19.68.
RPX Corp. (NASDAQ:RPXC) traded down 1.22% during mid-day trading on Friday, hitting $16.25. The stock had a trading volume of 283,959 shares. RPX Corp. has a 52 week low of $14.44 and a 52 week high of $19.88. The stock has a 50-day moving average of $16.40 and a 200-day moving average of $16.42. The company has a market cap of $861.4 million and a price-to-earnings ratio of 24.85.
RPX Corp. (NASDAQ:RPXC) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.23 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.28 earnings per share. RPX Corp.’s revenue was up 1.1% 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.
RPX Corporation (NASDAQ:RPXC) provides patent risk management solutions, offering defensive buying, acquisition syndication, patent intelligence and advisory services.
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