RPX Corp. Director Sells $150,900 in Stock (RPXC)
RPX Corp. (NASDAQ:RPXC) Director Geoffrey T. Barker sold 10,000 shares of RPX Corp. stock on the open market in a transaction dated Thursday, August 14th. The shares were sold at an average price of $15.09, for a total transaction of $150,900.00. Following the sale, the director now directly owns 289,399 shares of the company’s stock, valued at approximately $4,367,031. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of RPX Corp. (NASDAQ:RPXC) traded down 1.60% on Friday, hitting $14.77. The stock had a trading volume of 159,711 shares. RPX Corp. has a 52-week low of $14.55 and a 52-week high of $18.75. The stock has a 50-day moving average of $16.3 and a 200-day moving average of $16.36. The company has a market cap of $793.4 million and a P/E ratio of 23.75.
RPX Corp. (NASDAQ:RPXC) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.24 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.26 earnings per share. RPX Corp.’s revenue was up 16.9% compared to the same quarter last year. 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, August 4th. 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.
RPX Corporation (NASDAQ:RPXC) provides patent risk management solutions, offering defensive buying, acquisition syndication, patent intelligence and advisory services.
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