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 Jul 7, 2016. The Insider selling transaction was reported by the company on Jul 8, 2016 to the Securities and Exchange Commission. The shares were sold at $34.98 per share for a total value of $755,566.88 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 15, 2016, Phillip M Fernandez (President, CEO & Chairman) sold 21,600 shares at $35.03 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.

Marketo Inc: On Tuesday, Jul 6, 2016 heightened volatility was witnessed in Marketo Inc which led to swings in the share price. The shares opened for trading at $34.75 and hit $35 on the upside , eventually ending the session at $34.99, with a gain of 0.69% or 0.24 points. The heightened volatility saw the trading volume jump to 5,89,126 shares. The 52-week high of the share price is $35.3 and the company has a market cap of $1,558 M . The 52-week low of the share price is at $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.

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Marketo Inc - Is it time to Sell?

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