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Marketo (NASDAQ:MKTO) SVP Jason L. Holmes sold 8,300 shares of the company’s stock on the open market in a transaction dated Monday, January 27th. The shares were sold at an average price of $41.06, for a total value of $340,798.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Marketo (NASDAQ:MKTO) traded down 3.36% during mid-day trading on Wednesday, hitting $40.50. 173,280 shares of the company’s stock traded hands. 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 $38.65 and its 200-day moving average is $34.. The company’s market cap is $1.562 billion.

A number of research firms have recently commented on MKTO. 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 issued a buy rating to the stock. Marketo currently has a consensus rating of “Buy” and an average 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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