On December 19, 2023, Mark Sherman, EVP, Gen. Counsel & Secretary of Dolby Laboratories Inc (DLB), sold 10,519 shares of the company. The transaction was filed with the SEC and can be found through this SEC Filing.
Dolby Laboratories Inc is a company that specializes in audio noise reduction and audio encoding/compression. Dolby licenses its technologies to consumer electronics manufacturers.
According to the data, over the past year, the insider has sold a total of 60,932 shares and has not made any purchases. This latest transaction continues the trend of insider sales for the company, with a total of 25 insider sells and no insider buys over the past year.
On the day of the sale, shares of Dolby Laboratories Inc were trading at $86.16, resulting in a market cap of $8.169 billion. The price-earnings ratio of the stock stands at 41.63, which is above both the industry median of 17.53 and the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 0.97, with a GF Value of $88.90, indicating that Dolby Laboratories Inc is considered Fairly Valued according to the intrinsic value estimate by GuruFocus.
The GF Value is determined by considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
