RPX Corp. SVP Sells $84,827 in Stock (RPXC)
RPX Corp. (NASDAQ:RPXC) SVP Steven S. Swank unloaded 4,710 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $18.01, for a total transaction of $84,827.10. Following the transaction, the senior vice president now directly owns 975 shares of the company’s stock, valued at approximately $17,560. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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 equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $19.68.
RPX Corp. (NASDAQ:RPXC) traded down 0.55% during mid-day trading on Wednesday, hitting $17.97. 202,963 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’s 50-day moving average is $16.75 and its 200-day moving average is $16.50. The company has a market cap of $952.6 million and a P/E ratio of 27.30.
RPX Corp. (NASDAQ:RPXC) last issued its quarterly earnings data 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.
RPX Corporation (NASDAQ:RPXC) provides patent risk management solutions, offering defensive buying, acquisition syndication, patent intelligence and advisory services.
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