RPX Corp. Director Sells $240,900 in Stock (RPXC)
RPX Corp. (NASDAQ:RPXC) Director Geoffrey T. Barker sold 15,000 shares of the company’s stock on the open market in a transaction dated Thursday, June 5th. The shares were sold at an average price of $16.06, for a total value of $240,900.00. Following the sale, the director now directly owns 354,399 shares of the company’s stock, valued at approximately $5,691,648. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
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 equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $19.68.
RPX Corp. (NASDAQ:RPXC) traded up 2.05% on Thursday, hitting $16.41. 286,793 shares of the company’s stock traded hands. RPX Corp. has a 52-week low of $14.55 and a 52-week high of $19.88. The stock has a 50-day moving average of $16.35 and a 200-day moving average of $16.39. The company has a market cap of $869.9 million and a P/E ratio of 24.29.
RPX Corp. (NASDAQ:RPXC) last announced its earnings results 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.
RPX Corporation (NASDAQ:RPXC) provides patent risk management solutions, offering defensive buying, acquisition syndication, patent intelligence and advisory services.
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