Insider Selling: Ned D. Segal Sells 4,500 Shares of RPX Corp. 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 Monday, August 4th. The shares were sold at an average price of $15.04, for a total value of $67,680.00. Following the sale, the chief financial officer now directly owns 33,691 shares in the company, valued at approximately $506,713. The sale was disclosed in a filing with the SEC, which is available at this link.
RPX Corp. (NASDAQ:RPXC) traded up 0.20% during mid-day trading on Tuesday, hitting $15.12. 299,538 shares of the company’s stock traded hands. RPX Corp. has a 52 week low of $14.55 and a 52 week high of $18.75. The stock’s 50-day moving average is $16.8 and its 200-day moving average is $16.46. The company has a market cap of $804.4 million and a P/E ratio of 23.88.
RPX Corp. (NASDAQ:RPXC) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.02. The company had revenue of $64.30 million for the quarter, compared to the consensus estimate of $63.72 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. On average, analysts predict that RPX Corp. will post $0.97 earnings per share for the current fiscal year.
A number of research firms have recently commented on RPXC. Analysts at Barclays downgraded shares of RPX Corp. from an “overweight” rating to an “equal weight” rating in a research note on Monday. They now have a $17.00 price target on the stock, down previously from $20.00. 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. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. RPX Corp. presently has an average rating of “Hold” and a consensus target price of $18.18.
RPX Corporation (NASDAQ:RPXC) provides patent risk management solutions, offering defensive buying, acquisition syndication, patent intelligence and advisory services.
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