Friday, October 20, 2017 10:15 PM ET
Dolby Laboratories (DLB) Insiders Make Significant Share Sales Extending the Trend of Last Quarter
There was a significant level of insider selling disclosed today in filings with the SEC for Dolby Laboratories. Two insiders — N William Jasper Jr, Director, and Peter C Gotcher, Director — sold 17,310 shares in the company for approximately $1,038,600. There was one insider buy/sell transaction in the past 90 days prior to these transactions which resulted in the sale of 10,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 27,310 shares and have averaged 9,103 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Dolby Laboratories is higher than its 26-company peer group average. The Entertainment Production peer group saw 7 buy/sell trades during this period for an average of 0.3 transactions per company. However, the number of shares traded per transaction by Dolby Laboratories insiders is lower than its peers. Within the peer group there were 0 shares purchased and 183,231 shares sold with company insiders having sold 26,176 shares on average over this time period.
The data obtained in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
Today’s Insider Activity
* N William Jasper Jr, Director, sold 8,000 shares
* Peter C Gotcher, Director, sold 9,310 shares
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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