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RPX Corp. (NASDAQ:RPXC) CFO Ned D. Segal unloaded 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $15.83, for a total transaction of $71,235.00. Following the completion of the sale, the chief financial officer now directly owns 42,691 shares in the company, valued at approximately $675,799. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of RPX Corp. (NASDAQ:RPXC) traded up 1.02% during mid-day trading on Wednesday, hitting $15.92. 128,336 shares of the company’s stock traded hands. 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 $16.36 and its 200-day moving average is $16.39. The company has a market cap of $844.0 million and a price-to-earnings ratio of 23.81.

RPX Corp. (NASDAQ:RPXC) last released its 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. Analysts expect that RPX Corp. will post $1.02 EPS 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 research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus 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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