Today, a Major Shareholder at Dolby Laboratories, Dagmar Dolby, exercised options of Dolby Laboratories for $6.08M.
See today’s analyst top recommended stocks >>
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. The company has a one-year high of $74.29 and a one-year low of $48. DLB’s market cap is $6.31B and the company has a P/E ratio of 76.37.
Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $71.33, reflecting a -14.2% downside.
The insider sentiment on Dolby Laboratories has been negative according to 72 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Dagmar Dolby’s trades have generated a -7.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
