Marketo CMO Sanjay Dholakia Unloads 1,197 Shares (MKTO)
Marketo (NASDAQ:MKTO) CMO Sanjay Dholakia sold 1,197 shares of the stock on the open market in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $29.72, for a total value of $35,574.84. Following the sale, the chief marketing officer now directly owns 37,712 shares in the company, valued at approximately $1,120,801. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Marketo currently has a consensus rating of “Buy” and an average price target of $47.50.
Marketo (NASDAQ:MKTO) opened at 29.89 on Friday. Marketo has a 52 week low of $21.15 and a 52 week high of $45.00. The stock has a 50-day moving average of $25.7 and a 200-day moving average of $33.35. The company’s market cap is $1.210 billion.
Marketo (NASDAQ:MKTO) last posted its quarterly earnings results on Thursday, April 24th. The company reported ($0.18) earnings per share for the quarter, beating the analysts’ 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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