Marketo CFO Frederick Ball Sells 2,700 Shares (MKTO)
Marketo (NASDAQ:MKTO) CFO Frederick Ball sold 2,700 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $30.24, for a total value of $81,648.00. Following the transaction, the chief financial officer now directly owns 33,988 shares of the company’s stock, valued at approximately $1,027,797. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Davidson initiated coverage on shares of Marketo in a research note on Thursday, August 28th. 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, August 26th. 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 investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Marketo has an average rating of “Buy” and a consensus target price of $47.80.
Shares of Marketo (NASDAQ:MKTO) traded up 1.71% during mid-day trading on Wednesday, hitting $30.30. The stock had a trading volume of 495,515 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. and its 200-day moving average is $29.6. The company’s market cap is $1.235 billion.
Marketo (NASDAQ:MKTO) last issued its quarterly earnings data on Thursday, July 24th. The company reported ($0.17) earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.49) earnings per share. Marketo’s revenue was up 60.1% compared to the same quarter last year. 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.
Receive News & Ratings for Marketo Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marketo Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.