Insider Trends: Dolby Laboratories Insider Sale Scales Back 90-Days of Buys
06:46 PM EST, 02/04/2021 (MT Newswires) -- Ryan Nicholson, VP, Corporate Controller, on Feb 03, 2021, sold 2,237 shares in Dolby Laboratories (DLB) for $203,583. Subsequent to the Form 4 filing with the SEC, Nicholson owns 10,223 shares of company stock, with a market value, based on the prior-day closing price, of $932,133.
In the 90 days prior to the date of this filing, there have been 48 insider transactions reported to the SEC for Dolby Laboratories. These transactions came from the activities of 11 individual insiders that resulted in a net acquisition of 20,935 company shares. This compares with the preceding 90-day window of time where there were 22 transactions from 5 insiders which resulted in the net disposition of 506 shares.
This level of insider transactions is higher than the peer group average for the 33-company Entertainment Production peer group over the last 90-day period. Activity in the peer group averaged 23.3 transactions per company, and disposition by insiders of 8,453 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/1308547/000120919121007880/xslF345X03/doc4.xml
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