Marketo CEO Phillip M. Fernandez Sells 10,000 Shares (MKTO)
Marketo (NASDAQ:MKTO) CEO Phillip M. Fernandez sold 10,000 shares of Marketo stock on the open market in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $25.26, for a total value of $252,600.00. Following the completion of the sale, the chief executive officer now directly owns 84,541 shares of the company’s stock, valued at approximately $2,135,506. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on MKTO shares. Analysts at Goldman Sachs reiterated a “conviction-buy” rating on shares of Marketo in a research note on Thursday, May 22nd. Finally, analysts at Canaccord Genuity cut their price target on shares of Marketo from $52.00 to $40.00 in a research note on Wednesday, April 9th. They now have a “buy” rating on the stock. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $47.50.
Shares of Marketo (NASDAQ:MKTO) traded up 4.27% during mid-day trading on Monday, hitting $26.38. The stock had a trading volume of 826,039 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 $24.82 and its 200-day moving average is $33.70. The company’s market cap is $1.068 billion.
Marketo (NASDAQ:MKTO) last issued its quarterly earnings data on Thursday, April 24th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.11. The company had revenue of $32.30 million for the quarter, compared to the consensus estimate of $30.12 million. During the same quarter in the previous year, the company posted ($2.64) earnings per share. The company’s revenue for the quarter was up 64.0% on a year-over-year basis. Analysts expect that Marketo will post $-1.02 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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