RPX Corp. CFO Unloads $81,270 in Stock (RPXC)
RPX Corp. (NASDAQ:RPXC) CFO Ned D. Segal sold 4,500 shares of RPX Corp. stock on the open market in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $18.06, for a total transaction of $81,270.00. Following the sale, the chief financial officer now directly owns 38,191 shares of the company’s stock, valued at approximately $689,729. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of RPX Corp. (NASDAQ:RPXC) traded down 2.43% on Monday, hitting $17.68. 206,211 shares of the company’s stock traded hands. RPX Corp. has a one year low of $14.55 and a one year high of $19.88. The stock has a 50-day moving average of $16.93 and a 200-day moving average of $16.53. The company has a market cap of $937.3 million and a price-to-earnings ratio of 27.37.
RPX Corp. (NASDAQ:RPXC) last issued its quarterly earnings data 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.
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. 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 research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average 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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