Insider Selling: RPX Corp. SVP Sells 3,511 Shares of Stock (RPXC)
RPX Corp. (NASDAQ:RPXC) SVP Paul E. Scola sold 3,511 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $14.98, for a total value of $52,594.78. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
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.
Shares of RPX Corp. (NASDAQ:RPXC) traded down 0.20% during mid-day trading on Monday, hitting $15.21. The stock had a trading volume of 134,336 shares. 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 $15.92 and its 200-day moving average is $16.33. The company has a market cap of $817.1 million and a P/E ratio of 24.11.
RPX Corp. (NASDAQ:RPXC) last released its earnings data 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 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.
Receive News & Ratings for RPX Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RPX Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.