Marketo CFO Frederick Ball Sells 50,000 Shares (MKTO)
Marketo (NASDAQ:MKTO) CFO Frederick Ball unloaded 50,000 shares of Marketo stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $33.99, for a total transaction of $1,699,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on MKTO shares. Analysts at Raymond James raised their price target on shares of Marketo (NASDAQ:MKTO) from $26.00 to $30.00 in a research note to investors on Thursday, August 1st. They now have an “outperform” rating on the stock. Separately, analysts at JMP Securities raised their price target on shares of Marketo (NASDAQ:MKTO) from $27.00 to $31.00 in a research note to investors on Thursday, August 1st. Finally, analysts at UBS AG raised their price target on shares of Marketo (NASDAQ:MKTO) from $22.00 to $24.00 in a research note to investors on Wednesday, July 31st. They now have a “sell” rating on the stock.
One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Marketo currently has an average rating of “Hold” and a consensus target price of $27.00.
Marketo (NASDAQ:MKTO) traded down 0.12% on Wednesday, hitting $35.158. 184,883 shares of the company’s stock traded hands. Marketo has a 52 week low of $17.20 and a 52 week high of $39.80. The stock’s 50-day moving average is $35.49 and its 200-day moving average is $28.36. The company’s market cap is $1.302 billion.
Marketo (NASDAQ:MKTO) last released its earnings data on Tuesday, July 30th. The company reported ($0.49) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.43) by $0.06. The company had revenue of $22.50 million for the quarter, compared to the consensus estimate of $20.12 million. During the same quarter last year, the company posted ($3.30) earnings per share. Marketo’s revenue was up 61.9% compared to the same quarter last year. On average, analysts predict that Marketo will post $-1.47 earnings per share for the current fiscal year.
Marketo, Inc (NASDAQ:MKTO) provides cloud-based marketing software platform that enables organizations to engage in modern relationship marketing.
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