Insider Selling: John A. Amster Unloads 37,500 Shares of RPX Corp. Stock (RPXC)
RPX Corp. (NASDAQ:RPXC) CEO John A. Amster unloaded 37,500 shares of the stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $17.19, for a total transaction of $644,625.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of RPX Corp. (NASDAQ:RPXC) traded down 0.52% on Thursday, hitting $17.30. The stock had a trading volume of 207,925 shares. RPX Corp. has a one year low of $14.55 and a one year high of $19.88. The stock’s 50-day moving average is $16.59 and its 200-day moving average is $16.4. The company has a market cap of $917.1 million and a P/E ratio of 26.27.
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. On average, analysts predict that RPX Corp. will post $1.02 earnings per share for the current fiscal year.
RPXC has been the subject of a number of recent research reports. Analysts at TheStreet upgraded shares of RPX Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, May 1st. 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. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company 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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