Marketo Inc. (NASDAQ:MKTO) saw an uptick in trading volume on Tuesday . 2,061,554 shares were traded during mid-day trading, an increase of 104% from the previous session’s volume of 1,010,763 shares.The stock last traded at $35.25 and had previously closed at $34.79.

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

The company’s market capitalization is $1.59 billion. The firm has a 50-day moving average price of $35.00 and a 200-day moving average price of $26.07.

In related news, EVP Steven M. Winter sold 2,656 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $35.15, for a total value of $93,358.40. Following the completion of the transaction, the executive vice president now directly owns 84,350 shares of the company’s stock, valued at approximately $2,964,902.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Phillip M. Fernandez sold 21,600 shares of the stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $35.03, for a total value of $756,648.00. Following the completion of the transaction, the chief executive officer now directly owns 169,681 shares of the company’s stock, valued at $5,943,925.43. The disclosure for this sale can be found here.

A number of institutional investors have modified their holdings of the company. 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 during the period. 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 during the period. 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 during the period. 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 during the period.

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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