Marketo Inc. (NASDAQ:MKTO)’s share price gapped up before the market opened on Friday . The stock had previously closed at $35.06, but opened at $35.10. Marketo shares last traded at $35.16, with a volume of 347,796 shares changing hands.

Several equities analysts have weighed in on the company. DA Davidson cut Marketo from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 1st. Credit Suisse Group AG cut Marketo from an “outperform” rating to a “neutral” rating and lifted their target price for the company from $30.00 to $35.25 in a research note on Tuesday, May 31st. Raymond James Financial Inc. cut Marketo from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 1st. JPMorgan Chase & Co. cut Marketo from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $30.00 to $35.25 in a research note on Wednesday, June 1st. Finally, Sanford C. Bernstein cut Marketo from an “outperform” rating to a “market perform” rating and set a $37.00 price target for the company. in a research note on Wednesday, June 8th. Seventeen equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $33.49.

The firm’s market capitalization is $1.57 billion. The company has a 50-day moving average price of $34.98 and a 200 day moving average price of $24.99.

In related news, EVP Steven M. Winter sold 5,312 shares of Marketo stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $26.00, for a total value of $138,112.00. Following the sale, the executive vice president now owns 87,006 shares of the company’s stock, valued at approximately $2,262,156. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Phillip M. Fernandez sold 21,600 shares of Marketo stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of $34.98, for a total value of $755,568.00. Following the completion of the sale, the chief executive officer now directly owns 169,681 shares in the company, valued at approximately $5,935,441.38. The disclosure for this sale can be found here.

A number of large investors have recently made changes to their positions in the stock. Morgan Stanley raised its stake in shares of Marketo by 4.0% in the fourth quarter. Morgan Stanley now owns 1,062,911 shares of the company’s stock worth $30,515,000 after buying an additional 41,212 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Marketo by 15.6% in the fourth quarter. Jennison Associates LLC now owns 763,902 shares of the company’s stock worth $21,932,000 after buying an additional 103,294 shares in the last quarter. Wells Fargo & Company MN raised 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 in the last quarter. Russell Frank Co raised 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 in the last quarter. Finally, New York State Common Retirement Fund raised 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 in 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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