Sand Grove Capital Management Llp adds Marketo Inc (MKTO) to its portfolio

Marketo Inc (MKTO) : Sand Grove Capital Management Llp added new position in Marketo Inc during the most recent quarter end. The investment management firm now holds 200,000 shares of Marketo Inc which is valued at $7,012,000 , the company said in a statement filed on Aug 8, 2016 with the SEC.Marketo Inc makes up approximately 4.95% of Sand Grove Capital Management Llp’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Investment Partners S.a. reduced its stake in MKTO by selling 342,203 shares or 58.49% in the most recent quarter. The Hedge Fund company now holds 242,897 shares of MKTO which is valued at $8,515,969. Marketo Inc makes up approx 0.07% of Bnp Paribas Investment Partners S.a.’s portfolio.Tygh Capital Management reduced its stake in MKTO by selling 32,399 shares or 33.58% in the most recent quarter. The Hedge Fund company now holds 64,071 shares of MKTO which is valued at $2,251,455. Marketo Inc makes up approx 0.60% of Tygh Capital Management’s portfolio. Candriam Luxembourg S.c.a. added MKTO to its portfolio by purchasing 125,000 company shares during the most recent quarter which is valued at $4,386,250. Marketo Inc makes up approx 0.11% of Candriam Luxembourg S.c.a.’s portfolio.Falcon Point Capital reduced its stake in MKTO by selling 363,046 shares or 54.22% in the most recent quarter. The Hedge Fund company now holds 306,490 shares of MKTO which is valued at $10,754,734. Marketo Inc makes up approx 1.80% of Falcon Point Capital’s portfolio.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.

Marketo Inc opened for trading at $34.75 and hit $34.84 on the upside on Monday, eventually ending the session at $34.79, with a gain of 0.29% or 0.1 points. The heightened volatility saw the trading volume jump to 6,91,431 shares. Company has a market cap of $1,570 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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