The SVP, Advanced Technology Group of Dolby Laboratories is Exercising Options

By Carrie Williams

Yesterday it was reported that the SVP, Advanced Technology Group of Dolby Laboratories (DLBResearch Report), Steven Forshay, exercised options to sell 16,932 DLB shares at $36.29 a share, for a total transaction value of $1.18M.

In addition to Steven Forshay, 2 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 September 30, the company posted quarterly revenue of $299 million and quarterly net profit of $43.92 million. In comparison, last year the company earned revenue of $265 million and had a net profit of $50.09 million. The company has a one-year high of $71.77 and a one-year low of $56.09. Currently, Dolby Laboratories has an average volume of 400.45K.

In the last 30 days, insiders have sold $10.88M worth of DLB shares and purchased $69.48K worth of DLB shares. The insider sentiment on Dolby Laboratories has been negative according to 80 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. designs and manufactures audio and imaging products for the cinema, television, broadcast, and entertainment industries. Its products include Cinema Imaging, Cinema Audio, Dolby Conference Phone, Dolby Voice Room, and Other Products. The company was founded by Ray Milton Dolby in 1965 and is headquartered in San Francisco, CA.