Insider Selling: Sanjay Dholakia Sells 1,198 Shares of Marketo Stock (MKTO)
Marketo (NASDAQ:MKTO) CMO Sanjay Dholakia unloaded 1,198 shares of the company’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $26.31, for a total value of $31,519.38. Following the completion of the transaction, the chief marketing officer now directly owns 37,712 shares in the company, valued at approximately $992,203. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Marketo (NASDAQ:MKTO) traded up 0.04% during mid-day trading on Tuesday, hitting $26.93. The stock had a trading volume of 505,106 shares. Marketo has a one year low of $22.02 and a one year high of $45.00. The stock has a 50-day moving average of $27.5 and a 200-day moving average of $31.6. The company’s market cap is $1.084 billion.
Marketo (NASDAQ:MKTO) last announced its earnings results on Thursday, July 24th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.13. The company had revenue of $36.00 million for the quarter, compared to the consensus estimate of $33.97 million. During the same quarter in the previous year, the company posted ($0.49) earnings per share. The company’s revenue for the quarter was up 60.1% on a year-over-year basis. On average, analysts predict that Marketo will post $-0.91 earnings per share for the current fiscal year.
MKTO has been the subject of a number of recent research reports. Analysts at First Analysis initiated coverage on shares of Marketo in a research note on Wednesday, July 23rd. They set an “overweight” rating on the stock. Separately, analysts at Goldman Sachs reiterated a “conviction-buy” rating on shares of Marketo in a research note on Thursday, May 22nd. Finally, analysts at Goldman Sachs downgraded shares of Marketo from a “conviction-buy” rating to a “buy” rating in a research note on Wednesday, May 21st. They now have a $23.99 price target on the stock, down previously from $41.00. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Marketo has a consensus rating of “Buy” and a consensus target price of $47.50.
Marketo, Inc (NASDAQ:MKTO) provides cloud-based marketing software platform that enables organizations to engage in modern relationship marketing.
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