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Marketo (NASDAQ:MKTO) CEO Phillip M. Fernandez sold 10,000 shares of the 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 sale, the chief executive officer now directly owns 84,541 shares of the company’s stock, valued at approximately $2,389,974. The sale was disclosed in a filing with the SEC, which is available at this link.

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 research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Marketo presently has an average rating of “Buy” and a consensus target price of $47.50.

Marketo (NASDAQ:MKTO) traded down 0.86% during mid-day trading 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 has a 50-day moving average of $27.49 and a 200-day moving average of $30.51. The company’s market cap is $1.137 billion.

Marketo (NASDAQ:MKTO) last announced its earnings results on Thursday, July 24th. The company reported ($0.17) EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted ($0.49) earnings per share. The company’s quarterly revenue 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.

Marketo, Inc (NASDAQ:MKTO) provides cloud-based marketing software platform that enables organizations to engage in modern relationship marketing.

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