Marketo Inc (MKTO) : Vista Equity Partners Management scooped up 742,294 additional shares in Marketo Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 837,914 shares of Marketo Inc which is valued at $29,067,237.Marketo Inc makes up approximately 12.44% of Vista Equity Partners Management’s portfolio.
Other Hedge Funds, Including , Ionic Capital Management sold out all of its stake in MKTO during the most recent quarter. The investment firm sold 215,908 shares of MKTO which is valued $7,489,849. 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.Cortina Asset Management reduced its stake in MKTO by selling 405,359 shares or 80.68% in the most recent quarter. The Hedge Fund company now holds 97,066 shares of MKTO which is valued at $3,367,220. Marketo Inc makes up approx 0.14% of Cortina Asset Management’s portfolio. Gagnon Securities sold out all of its stake in MKTO during the most recent quarter. The investment firm sold 238,709 shares of MKTO which is valued $8,280,815. Airain Ltd added MKTO to its portfolio by purchasing 155,598 company shares during the most recent quarter which is valued at $5,467,714. Marketo Inc makes up approx 0.31% of Airain Ltd’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.