Dolby Laboratories, Inc. (NYSE:DLB), which specializes in audio noise reduction and audio encoding/compression, reported insider sales, according to a recent SEC filing. Todd Pendleton, the company's senior vice president and chief marketing officer, sold 24,395 shares of the company's stock on February 28, 2024. Todd Pendleton's transactions included selling shares at an average price of $81.69, for total transaction of $1,991,682.55. After this transaction, Todd Pendleton's total sales over the past year stands at 31,284 shares, with no purchases recorded in the same period. Dolby Laboratories, Inc. (NYSE:DLB)'s insider trading history shows a pattern of insider sales, with 20 insider sales. There were no insider purchases in the past year.
In terms of valuation, Dolby Laboratories, Inc. stock was trading at $81.69 on the day of the most recent insider sale, giving the company a market capitalization of $7.87 billion. The price-to-earnings ratio is 42.67, higher than both the industry median of 17.74 and the company's historical median price-to-earnings ratio. With the current stock price and GuruFocus Value of $85.43, Dolby Laboratories, Inc. has a price-to-earnings ratio of GF. – Value ratio 0.96. Indicates that the stock is fairly valued based on GF value.
GF Value is calculated by considering historical trading multiples, GuruFocus adjustment factors based on past earnings and growth, and future earnings estimates provided by Morningstar analysts. SEC filing
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