Large Outflow of Money Witnessed in Marketo

Marketo (MKTO) : Net money flow in Marketo (MKTO) was negative ($2.95 million) and the inflow of money on uptick was $1.51 million, whereas, the outflow of money on downticks amounted to $4.47 million on Friday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.34. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $2.71 million. The money flow in block trades was negative ($2.71). Marketo (MKTO) gained $0.06 cent during the day and reached $35.11, a gain of 0.17% over the previous day.


Marketo (MKTO) : The consensus price target for Marketo (MKTO) is $33.5 for the short term with a standard deviation of $3.65. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $37, however, the pessimist price target for the company is $26.

Marketo (NASDAQ:MKTO): stock turned positive on Friday. Though the stock opened at $35.06, the bulls momentum made the stock top out at $35.13 level for the day. The stock recorded a low of $35.05 and closed the trading day at $35.12, in the green by 0.20%. The total traded volume for the day was 663,387. The stock had closed at $35.05 in the previous days trading.

In a related news, 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 $755,568 in a transaction dated July 7, 2016. In this transaction, 21,600 shares were sold at $34.98 per share.

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.

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