Shares of Marketo Inc. (NASDAQ:MKTO) saw an uptick in trading volume on Wednesday . 1,225,629 shares changed hands during trading, an increase of 34% from the previous session’s volume of 914,170 shares.The stock last traded at $35.09 and had previously closed at $35.12.

A number of research firms have recently commented on MKTO. Vetr raised Marketo from a “sell” rating to a “hold” rating and set a $34.30 target price on the stock in a research note on Wednesday, June 8th. JMP Securities reaffirmed a “buy” rating on shares of Marketo in a research note on Tuesday, May 31st. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $22.00 target price (up previously from $21.00) on shares of Marketo in a research note on Wednesday, June 1st. Canaccord Genuity cut Marketo from a “buy” rating to a “hold” rating and upped their target price for the company from $26.00 to $35.25 in a research note on Wednesday, June 1st. Finally, JPMorgan Chase & Co. cut Marketo from an “overweight” rating to a “neutral” rating and upped their target price for the company from $30.00 to $35.25 in a research note on Wednesday, June 1st. Seventeen analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.49.

The firm’s market capitalization is $1.56 billion. The company’s 50 day moving average is $34.98 and its 200 day moving average is $24.83.

In other news, COO Jason L. Holmes sold 2,500 shares of the company’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $27.26, for a total value of $68,150.00. Following the completion of the sale, the chief operating officer now directly owns 68,182 shares of the company’s stock, valued at $1,858,641.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Steven M. Winter sold 5,312 shares of the company’s stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $26.00, for a total transaction of $138,112.00. Following the completion of the sale, the executive vice president now directly owns 87,006 shares of the company’s stock, valued at $2,262,156. The disclosure for this sale can be found here.

Other large investors have made changes to their positions in the company. TD Asset Management Inc. boosted its stake in shares of Marketo by 6.5% in the fourth quarter. TD Asset Management Inc. now owns 59,200 shares of the company’s stock worth $1,700,000 after buying an additional 3,600 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Marketo by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 64,475 shares of the company’s stock worth $1,851,000 after buying an additional 1,028 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of Marketo by 3.1% in the fourth quarter. New York State Common Retirement Fund now owns 80,485 shares of the company’s stock worth $2,311,000 after buying an additional 2,400 shares during the last quarter. Russell Frank Co boosted its stake in shares of Marketo by 16.4% in the fourth quarter. Russell Frank Co now owns 152,559 shares of the company’s stock worth $4,331,000 after buying an additional 21,492 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Marketo by 33.3% in the fourth quarter. Wells Fargo & Company MN now owns 615,565 shares of the company’s stock worth $17,672,000 after buying an additional 153,704 shares during the last quarter.

Marketo, Inc is engaged in providing cloud-based marketing solutions platform for the organizations ranging from small and medium businesses (SMBs) to largest enterprises, to engage in modern relationship marketing. The Company designs, builds and markets the engagement marketing platform along with a set of applications for marketing professionals.

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