Potrero Capital Research buys $10.9 Million stake in Marketo Inc (MKTO)

Marketo Inc (MKTO) : Potrero Capital Research scooped up 233,445 additional shares in Marketo Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 398,010 shares of Marketo Inc which is valued at $10.9 Million.Marketo Inc makes up approximately 10.07% of Potrero Capital Research’s portfolio.

Other Hedge Funds, Including , Trexquant Investment Lp sold out all of its stake in MKTO during the most recent quarter. The investment firm sold 14,991 shares of MKTO which is valued $410,304.Penserra Capital Management reduced its stake in MKTO by selling 1,547 shares or 52.18% in the most recent quarter. The Hedge Fund company now holds 1,418 shares of MKTO which is valued at $38,811. Marketo Inc makes up approx 0.01% of Penserra Capital Management’s portfolio. Norges Bank sold out all of its stake in MKTO during the most recent quarter. The investment firm sold 5,000 shares of MKTO which is valued $136,850. Neuberger Berman Group sold out all of its stake in MKTO during the most recent quarter. The investment firm sold 34,700 shares of MKTO which is valued $740,845.Pier Capital reduced its stake in MKTO by selling 119,180 shares or 52.38% in the most recent quarter. The Hedge Fund company now holds 108,356 shares of MKTO which is valued at $2.3 Million. Marketo Inc makes up approx 0.46% of Pier Capital’s portfolio.

Marketo Inc closed down -0.3 points or -1.10% at $27.07 with 5,28,807 shares getting traded on Monday. Post opening the session at $27.42, the shares hit an intraday low of $26.4 and an intraday high of $27.905 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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 Upgraded by BofA/Merrill to ” Neutral” on May 5, 2016. Marketo Inc was Initiated by Craig Hallum to “Buy” on Apr 4, 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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