Insider Stock Sale at RPX Corp (RPXC): Geoffrey Barker Unloads 10,000 Shares

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RPX Corp (NASDAQ:RPXC)’s Executive Director, Geoffrey Barker, completed a disposition of 10,000 shares of Common Stock on Friday. The sale was executed directly in a two day transaction, where the insider unloaded 5,000 shares on Thursday, paying a weighted average price of $16.55 per share. Then another 5,000 shares were sold on Friday for $16.66 per share, leaving the Executive Director with a total of 309,399 company holdings. Over the past few months, Barker continuously disposed of company shares, always selling 5,000 shares at a time, with the latest transaction closed at the beginning of July for $18.06 per share.

In terms of hedge fund movements, this quarter showed positive developments, with new shareholding positions and increases in RPX Corp’s portfolio activity. Cadian Capital, Eric Bannasch’s hedge fund and the largest shareholder of the legal service provider, increased the firm’s portfolio participation by 78%, and now owns a total of 2.47 million shares, with a value of $40.2 million.

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