Falcon Point Capital Lowers stake in Marketo Inc (MKTO)

Marketo Inc (MKTO) : Falcon Point Capital reduced its stake in Marketo Inc by 54.22% during the most recent quarter end. The investment management company now holds a total of 306,490 shares of Marketo Inc which is valued at $10,754,734 after selling 363,046 shares in Marketo Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Marketo Inc makes up approximately 1.80% of Falcon Point Capital’s portfolio.

Other Hedge Funds, Including , Strs Ohio reduced its stake in MKTO by selling 3,000 shares or 9.26% in the most recent quarter. The Hedge Fund company now holds 29,400 shares of MKTO which is valued at $1,031,646. Simplex Trading added MKTO to its portfolio by purchasing 11,457 company shares during the most recent quarter which is valued at $402,255. Marketo Inc makes up approx 0.05% of Simplex Trading’s portfolio. Fisher Asset Management sold out all of its stake in MKTO during the most recent quarter. The investment firm sold 107,900 shares of MKTO which is valued $3,777,579.

Marketo Inc opened for trading at $35.16 and hit $35.2 on the upside on Friday, eventually ending the session at $35.18, with a gain of 0.23% or 0.08 points. The heightened volatility saw the trading volume jump to 8,33,180 shares. Company has a market cap of $1,566 M.

On the company’s financial health, Marketo Inc reported $-0.17 EPS for the quarter, based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus estimate of $-0.17. The company had revenue of $62.20 million for the quarter, compared to analysts expectations of $61.47 million. The company’s revenue was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.20 EPS.

Many Wall Street Analysts have commented on Marketo Inc. Marketo Inc was Downgraded by JMP Securities to ” Mkt Perform” on Jun 15, 2016. Marketo Inc was Downgraded by Bernstein to ” Mkt Perform” on Jun 8, 2016. Marketo Inc was Downgraded by JP Morgan to ” Neutral” on Jun 1, 2016.

Marketo Inc. (Marketo) is engaged in providing cloud-based marketing solutions platform for the organizations ranging from small and medium businesses to largest enterprises to engage in modern relationship marketing. The Company’s platform provides the execution management and analytical measurement of online social mobile and offline marketing activities and customer interactions in multi-channel business environment. The Company’s platform offers an integrated suite of applications which include marketing automation sales insight revenue analytics marketing calendar real-time personalization and social marketing. Its applications are complemented by the Marketo Marketing Nation a network of more than 400 third-party solutions through the Company’s LaunchPoint ecosystem. The Company has approximately 3794 customers across a range of industries including business services consumer financial services healthcare manufacturing media technology and telecommunications.

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