Potrero Capital Research Lowers stake in Marketo Inc (MKTO)

Marketo Inc (MKTO) : Potrero Capital Research reduced its stake in Marketo Inc by 6.28% during the most recent quarter end. The investment management company now holds a total of 373,010 shares of Marketo Inc which is valued at $12,939,717 after selling 25,000 shares in Marketo Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Marketo Inc makes up approximately 11.20% of Potrero Capital Research’s portfolio.

Other Hedge Funds, Including , Group One Trading boosted its stake in MKTO in the latest quarter, The investment management firm added 58,157 additional shares and now holds a total of 77,678 shares of Marketo Inc which is valued at $2,694,650. Marketo Inc makes up approx 0.23% of Group One Trading’s portfolio. Btg Pactual Global Asset Management Ltd added MKTO to its portfolio by purchasing 45,000 company shares during the most recent quarter which is valued at $1,561,050. Marketo Inc makes up approx 1.60% of Btg Pactual Global Asset Management Ltd’s portfolio. Princeton Alpha Management Lp added MKTO to its portfolio by purchasing 6,395 company shares during the most recent quarter which is valued at $224,720. Marketo Inc makes up approx 0.04% of Princeton Alpha Management Lp’s portfolio. Psquared Asset Management Ag added MKTO to its portfolio by purchasing 322,314 company shares during the most recent quarter which is valued at $11,326,114. Marketo Inc makes up approx 12.42% of Psquared Asset Management Ag’s portfolio. Capital Fund Management S.a. added MKTO to its portfolio by purchasing 11,878 company shares during the most recent quarter which is valued at $416,799. Marketo Inc makes up approx 0.01% of Capital Fund Management S.a.’s portfolio.

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 Downgraded by JMP Securities to ” Mkt Perform” on Jun 15, 2016. Marketo Inc was Downgraded by Bernstein to ” Mkt Perform” on Jun 8, 2016. Marketo Inc was Downgraded by JP Morgan to ” Neutral” 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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