Marketo Inc. (NASDAQ:MKTO) saw unusually-strong trading volume on Wednesday . Approximately 1,572,756 shares were traded during trading, an increase of 117% from the previous session’s volume of 723,172 shares.The stock last traded at $35.05 and had previously closed at $35.10.

Several equities analysts recently commented on the company. Sanford C. Bernstein reissued a “buy” rating and issued a $32.00 target price on shares of Marketo in a report on Thursday, April 14th. Craig Hallum lowered Marketo from a “buy” rating to a “hold” rating and set a $35.25 target price on the stock. in a report on Tuesday, May 31st. Vetr lowered Marketo from a “hold” rating to a “sell” rating and set a $27.50 target price on the stock. in a report on Monday, May 23rd. Credit Suisse Group AG reissued an “outperform” rating and issued a $30.00 target price (up previously from $26.77) on shares of Marketo in a report on Wednesday, May 11th. Finally, Zacks Investment Research lowered Marketo from a “buy” rating to a “hold” rating in a report on Wednesday, April 13th. Seventeen research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $33.49.

The firm’s market capitalization is $1.58 billion. The firm has a 50 day moving average of $35.00 and a 200 day moving average of $25.71.

In other Marketo news, CEO Phillip M. Fernandez sold 21,600 shares of the business’s stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of $26.87, for a total value of $580,392.00. Following the transaction, the chief executive officer now owns 159,891 shares in the company, valued at approximately $4,296,271.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steven M. Winter sold 2,656 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $35.15, for a total transaction of $93,358.40. Following the completion of the transaction, the executive vice president now owns 84,350 shares in the company, valued at approximately $2,964,902.50. The disclosure for this sale can be found here.

A number of institutional investors have recently modified their holdings of MKTO. Morgan Stanley raised its position 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. California State Teachers Retirement System raised its position 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 in the last quarter. New York State Common Retirement Fund raised its position 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. Jennison Associates LLC raised its position 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. Finally, Wells Fargo & Company MN raised its position 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.

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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