Insider Selling: Marketo CEO Unloads 5,000 Shares of Stock (MKTO)
Marketo (NASDAQ:MKTO) CEO Phillip M. Fernandez sold 5,000 shares of Marketo stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $28.38, for a total transaction of $141,900.00. Following the sale, the chief executive officer now directly owns 84,541 shares in the company, valued at approximately $2,399,274. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Marketo (NASDAQ:MKTO) traded down 0.86% on Friday, hitting $27.8885. The stock had a trading volume of 23,279 shares. Marketo has a one year low of $22.02 and a one year high of $45.00. The stock’s 50-day moving average is $27.49 and its 200-day moving average is $30.51. The company’s market cap is $1.137 billion.
Marketo (NASDAQ:MKTO) last issued its quarterly earnings data 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.
Separately, 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. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. 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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