Insider Selling: RPX Corp. CEO Sells 37,500 Shares of Stock (RPXC)
RPX Corp. (NASDAQ:RPXC) CEO John A. Amster sold 37,500 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $15.27, for a total transaction of $572,625.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
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 Corp. (NASDAQ:RPXC) traded down 1.89% on Wednesday, hitting $15.05. The stock had a trading volume of 188,216 shares. RPX Corp. has a one year low of $14.55 and a one year high of $18.75. The stock’s 50-day moving average is $16.11 and its 200-day moving average is $16.33. The company has a market cap of $808.5 million and a P/E ratio of 24.27.
RPX Corp. (NASDAQ:RPXC) last announced its earnings results 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.
RPX Corporation (NASDAQ:RPXC) provides patent risk management solutions, offering defensive buying, acquisition syndication, patent intelligence and advisory services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.