RPX Corp. CEO John A. Amster Sells 18,800 Shares (RPXC)
RPX Corp. (NASDAQ:RPXC) CEO John A. Amster unloaded 18,800 shares of the company’s stock on the open market in a transaction dated Monday, August 18th. The stock was sold at an average price of $15.30, for a total transaction of $287,640.00. 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 1.89% on Wednesday, hitting $15.05. 188,216 shares of the company’s stock traded hands. RPX Corp. has a 1-year low of $14.55 and a 1-year high of $18.75. The stock has a 50-day moving average of $16.11 and a 200-day moving average of $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 posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 16.9% on a year-over-year basis. Analysts expect that RPX Corp. will post $0.97 EPS for the current fiscal year.
Several analysts have recently commented on the stock. 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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