RPX Corp (NASDAQ:RPXC) CRO Steven S. Swank sold 1,560 shares of RPX Corp stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $12.54, for a total value of $19,562.40. Following the completion of the transaction, the executive now owns 11,084 shares of the company’s stock, valued at approximately $138,993.36. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of RPX Corp (NASDAQ RPXC) traded up 0.48% during mid-day trading on Thursday, hitting $12.58. The company had a trading volume of 84,228 shares. The firm has a market cap of $622.71 million, a PE ratio of 31.37 and a beta of 1.39. The firm’s 50 day moving average is $13.30 and its 200-day moving average is $12.82. RPX Corp has a 12-month low of $8.98 and a 12-month high of $15.15.
RPX Corp (NASDAQ:RPXC) last released its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. RPX Corp had a net margin of 5.21% and a return on equity of 3.45%. The company had revenue of $80.40 million during the quarter, compared to the consensus estimate of $81.27 million. During the same period in the previous year, the business earned $0.18 earnings per share. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. On average, equities analysts expect that RPX Corp will post $0.72 EPS for the current year.
Several large investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its stake in RPX Corp by 43.9% in the first quarter. Victory Capital Management Inc. now owns 10,263 shares of the business services provider’s stock worth $123,000 after buying an additional 3,131 shares during the last quarter. Hancock Holding Co. increased its stake in RPX Corp by 13.7% in the first quarter. Hancock Holding Co. now owns 15,823 shares of the business services provider’s stock worth $190,000 after buying an additional 1,907 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new stake in RPX Corp during the first quarter worth $211,000. Bogle Investment Management L P DE acquired a new stake in RPX Corp during the first quarter worth $215,000. Finally, KCG Holdings Inc. acquired a new stake in RPX Corp during the first quarter worth $221,000. Institutional investors own 89.45% of the company’s stock.
Several research analysts have recently commented on the company. BidaskClub lowered RPX Corp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Cowen and Company lifted their target price on RPX Corp from $11.00 to $14.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 3rd. TheStreet upgraded RPX Corp from a “c” rating to a “b-” rating in a research report on Tuesday, May 2nd. Zacks Investment Research upgraded RPX Corp from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Tuesday, August 8th. Finally, Barclays PLC reiterated a “sell” rating and issued a $11.00 target price on shares of RPX Corp in a research report on Monday, May 15th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. RPX Corp presently has an average rating of “Hold” and a consensus price target of $13.50.
RPX Corp Company Profile
RPX Corporation is engaged in providing an alternative to litigation through its patent risk management services. The Company helps companies reduce patent litigation risk and corporate legal expense through two primary service offerings: patent risk management services and discovery services. It operates through two segments: patent risk management and discovery services.
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