Marketo CEO Phillip M. Fernandez Sells 10,000 Shares (MKTO)
Marketo (NASDAQ:MKTO) CEO Phillip M. Fernandez unloaded 10,000 shares of Marketo stock on the open market in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $42.52, for a total value of $425,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Marketo (NASDAQ:MKTO) traded down 2.72% on Monday, hitting $41.52. The stock had a trading volume of 302,706 shares. Marketo has a 52-week low of $17.20 and a 52-week high of $45.00. The stock’s 50-day moving average is $38.19 and its 200-day moving average is $33.9. The company’s market cap is $1.602 billion.
MKTO has been the subject of a number of recent research reports. Analysts at Canaccord Genuity raised their price target on shares of Marketo from $40.00 to $48.00 in a research note to investors on Friday, January 17th. They now have a “buy” rating on the stock. Separately, 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. Finally, analysts at Goldman Sachs Group Inc. upgraded shares of Marketo from a “buy” rating to a “conviction-buy” rating in a research note to investors on Monday, December 2nd. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $40.00.
Marketo, Inc (NASDAQ:MKTO) provides cloud-based marketing software platform that enables organizations to engage in modern relationship marketing.
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