Marketo CEO Sells $417,300 in Stock (MKTO)
Marketo (NASDAQ:MKTO) CEO Phillip Fernandez unloaded 10,000 shares of the stock on the open market in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $41.73, for a total transaction of $417,300.00. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on MKTO. Analysts at Goldman Sachs Group Inc. set a $45.00 price target on shares of Marketo in a research note to investors on Monday, December 2nd. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $38.67.
Marketo (NASDAQ:MKTO) traded down 0.10% on Wednesday, hitting $41.52. The stock had a trading volume of 526,680 shares. Marketo has a 52-week low of $17.20 and a 52-week high of $42.66. The stock has a 50-day moving average of $33.48 and a 200-day moving average of $32.24. The company’s market cap is $1.602 billion.
Marketo (NASDAQ:MKTO) last posted its quarterly earnings results on Thursday, October 24th. The company reported ($0.21) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.25) by $0.04. The company had revenue of $25.50 million for the quarter, compared to the consensus estimate of $23.44 million. During the same quarter in the prior year, the company posted ($2.98) earnings per share. The company’s quarterly revenue was up 65.6% on a year-over-year basis. On average, analysts predict that Marketo will post $-1.45 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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