Marketo CMO Sanjay Dholakia Unloads 27,587 Shares (MKTO)
Marketo (NASDAQ:MKTO) CMO Sanjay Dholakia sold 27,587 shares of the stock on the open market in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $33.99, for a total value of $937,682.13. Following the transaction, the chief marketing officer now directly owns 48,119 shares of the company’s stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
MKTO has been the subject of a number of recent research reports. 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 investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $27.00.
Shares of Marketo (NASDAQ:MKTO) traded down 0.12% during mid-day trading on Wednesday, hitting $35.158. 184,883 shares of the company’s stock traded hands. Marketo has a one year low of $17.20 and a one year high of $39.80. The stock has a 50-day moving average of $35.49 and a 200-day moving average of $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 in the previous year, the company posted ($3.30) earnings per share. The company’s revenue for the quarter was up 61.9% on a year-over-year basis. Analysts expect that Marketo will post $-1.47 EPS 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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