Insider Selling: Frederick Ball Unloads 7,300 Shares of Marketo Stock (MKTO)
Marketo (NASDAQ:MKTO) CFO Frederick Ball sold 7,300 shares of Marketo stock on the open market in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $30.05, for a total transaction of $219,365.00. Following the sale, the chief financial officer now directly owns 33,988 shares of the company’s stock, valued at approximately $1,021,339. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on MKTO. Analysts at Davidson initiated coverage on shares of Marketo in a research note on Thursday. They set a “buy” rating on the stock. Separately, analysts at DA Davidson initiated coverage on shares of Marketo in a research note on Tuesday. They set a “buy” rating and a $49.00 price target on the stock. Finally, 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. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $47.80.
Marketo (NASDAQ:MKTO) traded up 1.91% on Friday, hitting $29.28. 271,761 shares of the company’s stock traded hands. 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 $27.60 and its 200-day moving average is $30.09. The company’s market cap is $1.194 billion.
Marketo (NASDAQ:MKTO) last released its earnings data 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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