Yesterday, a Director at Dolby Laboratories (NYSE: DLB), Nicholas Donatiello, sold shares of DLB for $126K.
Following Nicholas Donatiello’s last DLB Sell transaction on May 09, 2017, the stock climbed by 11.7%. In addition to Nicholas Donatiello, 4 other DLB executives reported Sell trades in the last month.
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Based on Dolby Laboratories’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $301 million and quarterly net profit of $70.63 million. In comparison, last year the company earned revenue of $267 million and had a net profit of $50.59 million. DLB’s market cap is $6.54B and the company has a P/E ratio of 78.19. Currently, Dolby Laboratories has an average volume of 308.9K.
Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $71.33, reflecting a -12.3% downside.
The insider sentiment on Dolby Laboratories has been negative according to 75 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Dolby Laboratoties, Inc. engages in the provision of audio and imaging technologies that transform entertainment and communications at the cinema, at home, at work, and on mobile devices. The company was founded by Ray Milton Dolby in 1965 and is headquartered in San Francisco, CA.
