Insider Selling: Wesley R. Wasson Sells 1,667 Shares of Marketo Stock (MKTO)
Marketo (NASDAQ:MKTO) Director Wesley R. Wasson sold 1,667 shares of the company’s stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $26.88, for a total value of $44,808.96. Following the completion of the transaction, the director now directly owns 4,223 shares of the company’s stock, valued at approximately $113,514. The sale was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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 research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Marketo has an average rating of “Buy” and an average price target of $47.50.
Marketo (NASDAQ:MKTO) traded up 1.07% during mid-day trading on Thursday, hitting $28.21. The stock had a trading volume of 48,048 shares. Marketo has a 52-week low of $21.15 and a 52-week high of $45.00. The stock’s 50-day moving average is $24.81 and its 200-day moving average is $33.47. The company’s market cap is $1.142 billion.
Marketo (NASDAQ:MKTO) last released its 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. On average, analysts predict that Marketo will post $-1.02 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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