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Marketo (NASDAQ:MKTO) CEO Phillip M. Fernandez sold 5,000 shares of Marketo stock on the open market in a transaction dated Monday, August 18th. The shares were sold at an average price of $28.38, for a total value of $141,900.00. Following the completion of the sale, the chief executive officer now directly owns 84,541 shares of the company’s stock, valued at approximately $2,399,274. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Marketo (NASDAQ:MKTO) traded down 1.06% during mid-day trading on Wednesday, hitting $27.93. 112,464 shares of the company’s stock traded hands. 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 posted its quarterly 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.

A number of analysts have recently weighed in on MKTO shares. 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 stock. The company presently has an average rating of “Buy” and a consensus price target 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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