On Feb. 28, 2013, Richard Rudman, chairman, CEO and president
of Vocus Inc. (
), bought 70,000 shares at an average price of $13.93. The cost
of this transaction totaled $975,100. Since this purchase the
price of the stock has decreased by 1.36%. Rudman currently owns
at least 849,371 shares in VOCS.
Prior to his most recent purchase, Richard Rudman bought 70,000
shares of VOCS on Nov. 8, 2012. These shares averaged a price of
$15.31. Since this purchase the price of the stock has decreased
Market capitalized at $284.4 million, Vocus Inc. provides online
marketing and public relations software that helps companies and
organizations reach buyers across social networks online and
through alternate media outlets. The company provides software
for social media through the use of online cloud marketing.
Originally formed in Florida in 1988 under the name First Data
Software Publishing Inc., Vocus is now headquartered in
Beltsville, Md. The company is currently being used in 30,000
organizations worldwide and is available in seven languages.
Under Rudman's leadership, from 1992 to 2010 Vocus averaged a 40%
growth annually, and achieved 19 consecutive years of revenue
growth. Rudman is also the vice chairman of the board of
directors for the Baltimore Symphony Orchestra. Rudman received
his B.S. from the University of Maryland.
The revenue for the fourth quarter of 2012 was $47.1 million, a
54% increase from 2011.
"We are very pleased to report another strong quarter with record
revenue and strong earnings and cash flow," said Rudman. "While
we are pleased with our financial performance for the quarter, we
are also excited to report a record number of new customers,
driven by robust demand for the Vocus marketing suite. With the
recent launch of our new marketing suite, Vocus is the only
solution today that integrates email, social, search and
publicity into one intelligent platform, which we believe
positions us well for over 20% billings growth in 2013."
Interestingly, Rudman is the only insider currently buying in to
VOCS shares. On March 1, Mark Heys (chief technology officer)
sold 6,541 in VOCS shares. Also on March 1 Stephen Vintz (CFO and
executive vice president) sold 8,510 shares and Norman Weissberg
(senior vice president of North American sales) sold 8,538 of his
With its stock down 1.11%, Vocus trades at $13.36.
There are currently no Gurus followed by GuruFocus that hold
stakes in the company.
For more information on insider trades within Vocus, view
Richard Rudman's Insider
Mark Heys' Insider Trades
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