Coastland Capital adds Marketo Inc (MKTO) to its portfolio

Marketo Inc (MKTO) : Coastland Capital added new position in Marketo Inc during the most recent quarter end. The investment management firm now holds 92,992 shares of Marketo Inc which is valued at $3,225,892 , the company said in a statement filed on Aug 15, 2016 with the SEC.Marketo Inc makes up approximately 0.40% of Coastland Capital’s portfolio.

Other Hedge Funds, Including , Schwab Charles Investment Management Inc boosted its stake in MKTO in the latest quarter, The investment management firm added 20,928 additional shares and now holds a total of 137,928 shares of Marketo Inc which is valued at $4,784,722. Marketo Inc makes up approx 0.01% of Schwab Charles Investment Management Inc’s portfolio.Alliancebernstein boosted its stake in MKTO in the latest quarter, The investment management firm added 30,500 additional shares and now holds a total of 73,400 shares of Marketo Inc which is valued at $2,546,246. Indexiq Advisors added MKTO to its portfolio by purchasing 12,074 company shares during the most recent quarter which is valued at $418,847. Marketo Inc makes up approx 0.02% of Indexiq Advisors’s portfolio.Sg Americas Securities boosted its stake in MKTO in the latest quarter, The investment management firm added 264,041 additional shares and now holds a total of 269,800 shares of Marketo Inc which is valued at $9,480,772. Marketo Inc makes up approx 0.07% of Sg Americas Securities’s portfolio. Fny Managed Accounts added MKTO to its portfolio by purchasing 15,000 company shares during the most recent quarter which is valued at $526,350. Marketo Inc makes up approx 0.52% of Fny Managed Accounts’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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