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Marketo Inc Reports Insider Transaction
Marketo Inc (NASDAQ:MKTO), Holmes Jason L, SVP & Chief Customer Officer of Marketo Inc, unloaded 5,000 shares at an average price of $32.94 on January 5, 2015. The total amount of the transaction was worth $164,700, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing. Shares of Marketo Inc (NASDAQ:MKTO) ended the trading session higher after solid profit booking was seen in the counter during day trade. The trading commenced with the first trade executed at $33.3 and concluded with a gain of 0.64 points or 1.94% at $33.56. Intraday, some money was taken off the table which saw the price dip to $32.68. The volume at the end of the trading session was 188,425 shares. The 52-week high of the shares is $45 and the 52-week low is $22.02. The market cap of the company is $1,383 million and there are 41,212,000 shares in public circulation. Marketo, Inc. (Marketo) provides cloud-based marketing software platform that enables organizations to engage in modern relationship marketing. The Companys software platform is designed to enable the execution, management and analytical measurement of marketing activities, helping organizations to acquire new customers. The Companys platform includes marketing automation, social marketing, sales insight and revenue analytics. Its customer base includes 2,000 customers across a range of industries, including business services, consumer, financial services, healthcare, manufacturing, media, technology and telecommunications. The Company provides its solutions on a subscription basis. The Company designs, builds and markets a suite of integrated applications to address the needs of modern marketing professionals. Effective December 19, 2013, Marketo Inc acquired Insightera Ltd.
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