The EVP & CFO of Dolby Laboratories is Exercising Options

By Carrie Williams

On November 13, the EVP & CFO of Dolby Laboratories, Lewis Chew, exercised options of Dolby Laboratories for $1.01M.

Following Lewis Chew’s last DLB Sell transaction on May 17, 2017, the stock climbed by 11.1%. In addition to Lewis Chew, one other DLB executive reported Sell trades in the last month.

Based on Dolby Laboratories’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $242 million and quarterly net profit of $21.8 million. In comparison, last year the company earned revenue of $233 million and had a net profit of $23.93 million. The company has a one-year high of $61.45 and a one-year low of $44.99. DLB’s market cap is $6.22B and the company has a P/E ratio of 31.44.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $60.83, reflecting a 0.3% upside.

In the last 30 days, insiders have sold $1.01M worth of DLB shares and purchased $859.8K worth of DLB shares. The insider sentiment on Dolby Laboratories has been positive according to 56 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Lewis Chew’s trades have generated a -21.8% 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.

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Dolby Laboratoties, Inc. develops and delivers products and technologies that improve the entertainment experience. It offers products, services and technologies to creators and distributors of entertainment content, such as motion picture, television, and music recording studios, television broadcasters, satellite and cable operators, cinema theatre chains, Internet content streaming and download service providers. The company was founded by Ray Milton Dolby in 1965 and is headquartered in San Francisco, CA.