Falcon Point Capital buys $14,093,733 stake in Marketo Inc (MKTO)

Marketo Inc (MKTO) : Falcon Point Capital scooped up 258,397 additional shares in Marketo Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 15, 2016. The investment management firm now holds a total of 669,536 shares of Marketo Inc which is valued at $14,093,733.Marketo Inc makes up approximately 2.48% of Falcon Point Capital’s portfolio.

Marketo Inc opened for trading at $21.72 and hit $22.59 on the upside on Wednesday, eventually ending the session at $22.2, with a gain of 2.40% or 0.52 points. The heightened volatility saw the trading volume jump to 2,97,300 shares. Company has a market cap of $985 M.

Other Hedge Funds, Including , Hamilton Lane Advisors reduced its stake in MKTO by selling 10,000 shares or 15.36% in the most recent quarter. The Hedge Fund company now holds 55,105 shares of MKTO which is valued at $1,159,960. Marketo Inc makes up approx 0.55% of Hamilton Lane Advisors’s portfolio.Edge Wealth Management boosted its stake in MKTO in the latest quarter, The investment management firm added 3,870 additional shares and now holds a total of 21,245 shares of Marketo Inc which is valued at $446,145. Marketo Inc makes up approx 0.20% of Edge Wealth Management’s portfolio.

On the company’s financial health, Marketo Inc reported $-0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Feb 9, 2016. Analyst had a consensus of $-0.23. The company had revenue of $58.27 million for the quarter, compared to analysts expectations of $58.14 million. The company’s revenue was up 37.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.18 EPS.

Many Wall Street Analysts have commented on Marketo Inc. Marketo Inc was Initiated by Craig Hallum to “Buy” on Apr 4, 2016. Marketo Inc was Downgraded by BofA/Merrill to ” Underperform” on Jan 26, 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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