Marketo, Inc. (MKTO) Files Form 4 Insider Selling : Phillip M Fernandez Sells 21,600 Shares

Marketo, Inc. (MKTO): Phillip M Fernandez , President, CEO & Chairman of Marketo, Inc. sold 21,600 shares on Jun 14, 2016. The Insider selling transaction was reported by the company on Jun 15, 2016 to the Securities and Exchange Commission. The shares were sold at $35.03 per share for a total value of $756,650.12 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 19, 2016, Phillip M Fernandez (President, CEO & Chairman) sold 21,600 shares at $26.87 per share price.On May 18, 2016, Jason L Holmes (EVP & Chief Operating Officer) sold 2,500 shares at $27.26 per share price.Also, On May 12, 2016, Steven M Winter (EVP Worldwide Field Operations) sold 5,312 shares at $26.00 per share price.On Feb 19, 2016, Margo Smith (SVP, GC & Secretary) sold 5,151 shares at $15.32 per share price.

Shares of Marketo Inc (MKTO) ended Wednesday, Jun 15, 2016 session in red amid volatile trading. The shares closed down -0.06 points or -0.17% at $35 with 19,77,306 shares getting traded. Post opening the session at $35, the shares hit an intraday low of $34.96 and an intraday high of $35.07 and the price vacillated in this range throughout the day. The company has a market cap of $1,558 M and the number of outstanding shares has been calculated to be 4,45,23,276 shares. The 52-week high of Marketo Inc is $35.3 and the 52-week low is $12.86.

Marketo Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Marketo Inc is Downgraded by JMP Securities to Mkt Perform. Earlier the firm had a rating of Mkt Outperform on the company shares. The Rating was issued on Jun 15, 2016.Marketo Inc is Downgraded by Bernstein to Mkt Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Jun 8, 2016.Marketo Inc is Downgraded by JP Morgan to Neutral. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Jun 1, 2016.Marketo Inc is Downgraded by DA Davidson to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jun 1, 2016.Marketo Inc is Downgraded by Canaccord Genuity to Hold and the brokerage firm has raised the Price Target to $ 35.25 from a previous price target of $26 .Earlier the firm had a rating of Buy on the company shares. The Rating was issued 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.

Leave a Reply

Marketo Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Marketo Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.