Insider Selling: Geoffrey T. Barker Sells 10,000 Shares of RPX Corp. Stock (RPXC)
RPX Corp. (NASDAQ:RPXC) Director Geoffrey T. Barker sold 10,000 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $17.85, for a total transaction of $178,500.00. Following the sale, the director now directly owns 319,399 shares in the company, valued at approximately $5,701,272. The sale was disclosed in a filing with the SEC, which can be accessed through 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. 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 investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. RPX Corp. presently has an average rating of “Buy” and a consensus price target of $19.68.
RPX Corp. (NASDAQ:RPXC) traded up 1.80% on Tuesday, hitting $18.07. 390,796 shares of the company’s stock traded hands. RPX Corp. has a 1-year low of $14.55 and a 1-year high of $19.88. The stock’s 50-day moving average is $16.70 and its 200-day moving average is $16.48. The company has a market cap of $957.9 million and a price-to-earnings ratio of 26.81.
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.
RPX Corporation (NASDAQ:RPXC) provides patent risk management solutions, offering defensive buying, acquisition syndication, patent intelligence and advisory services.
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