RPX Corp. CEO Unloads $601,875 in Stock (RPXC)
RPX Corp. (NASDAQ:RPXC) CEO John A. Amster sold 37,500 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $16.05, for a total transaction of $601,875.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of RPX Corp. (NASDAQ:RPXC) traded up 0.12% during mid-day trading on Monday, hitting $16.05. The stock had a trading volume of 248,878 shares. RPX Corp. has a 1-year low of $14.55 and a 1-year high of $19.88. The stock has a 50-day moving average of $17.08 and a 200-day moving average of $16.. The company has a market cap of $850.8 million and a price-to-earnings ratio of 24.21.
RPXC has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of RPX Corp. in a research note on Monday, July 21st. They now have a $19.00 price target on the stock, up previously from $18.50. Analysts at TheStreet upgraded shares of RPX Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, May 1st. Two equities research analysts have 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 an average target price of $19.54.
RPX Corporation (NASDAQ:RPXC) provides patent risk management solutions, offering defensive buying, acquisition syndication, patent intelligence and advisory services.
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