Insider Selling: RPX Corp. SVP Sells 5,000 Shares of Stock (RPXC)
RPX Corp. (NASDAQ:RPXC) SVP Paul E. Scola sold 5,000 shares of the stock on the open market in a transaction dated Friday, June 6th. The stock was sold at an average price of $16.50, for a total value of $82,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of RPX Corp. (NASDAQ:RPXC) traded up 0.84% during mid-day trading on Monday, hitting $16.72. The stock had a trading volume of 150,408 shares. RPX Corp. has a 52 week low of $14.55 and a 52 week high of $19.88. The stock’s 50-day moving average is $16.36 and its 200-day moving average is $16.38. The company has a market cap of $886.4 million and a price-to-earnings ratio of 25.05.
RPX Corp. (NASDAQ:RPXC) last announced its earnings results on Tuesday, April 29th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter 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 analysts have recently weighed in on RPXC shares. 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 company’s stock. The company 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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