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Marketo (NASDAQ:MKTO) CEO Phillip M. Fernandez unloaded 10,000 shares of Marketo stock on the open market in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $28.27, for a total transaction of $282,700.00. Following the completion of the transaction, the chief executive officer now directly owns 84,541 shares in the company, valued at approximately $2,389,974. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Marketo (NASDAQ:MKTO) traded down 1.06% on Wednesday, hitting $27.93. The stock had a trading volume of 112,464 shares. Marketo has a 52 week low of $22.02 and a 52 week high of $45.00. The stock’s 50-day moving average is $27.5 and its 200-day moving average is $30.. The company’s market cap is $1.139 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. Analysts expect that Marketo will post $-0.91 EPS for the current fiscal year.

Several analysts have recently commented on the stock. 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. Analysts at Goldman Sachs reiterated a “conviction-buy” rating on shares of Marketo in a research note on Thursday, May 22nd. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Marketo has a consensus rating of “Buy” and an average 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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