Marketo (NASDAQ:MKTO) has tumbled 0.71% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 22.52% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.48% and the outperformance has advanced to 21.4% for the last 4 weeks period.
Marketo (NASDAQ:MKTO): The stock opened at $34.98 on Friday but the bulls could not build on the opening and the stock topped out at $35.00 for the day. The stock traded down to $34.86 during the day, due to lack of any buying support eventually closed down at $34.93 with a loss of -0.20% for the day. The stock had closed at $35.00 on the previous day. The total traded volume was 2,589,658 shares.
The company shares have rallied 14.30% from its 1 Year high price. On Jun 2, 2016, the shares registered one year high at $35.30 and the one year low was seen on Feb 10, 2016. The 50-Day Moving Average price is $29.55 and the 200 Day Moving Average price is recorded at $23.42.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (President, CEO & Chairman) of Marketo, Inc., Fernandez Phillip M had sold 21,600 shares worth of $756,648 in a transaction dated June 14, 2016. In this transaction, 21,600 shares were sold at $35.03 per share.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, JMP Securities downgrades its outlook on Marketo (NASDAQ:MKTO). The current rating of the shares is Market Perform, according to the research report released by the firm. Previously, the company had a rating of Market Outperform. The rating by the firm was issued on June 15, 2016. Currently the company Insiders own 11.2% of Marketo shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.75% . Institutional Investors own 90.45% of Marketo shares. During last six month period, the net percent change held by insiders has seen a change of -5.89%.
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 Companys 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 Companys 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 Companys LaunchPoint ecosystem. The Company has approximately 3,794 customers across a range of industries, including business services, consumer, financial services, healthcare, manufacturing, media, technology and telecommunications.