IMAX (NYSE:IMAX) CEO Richard Gelfond Sells 34,182 Shares of Stock

IMAX Corporation (NYSE:IMAX) CEO Richard Gelfond sold 34,182 shares of the business’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $37.06, for a total value of $1,266,784.92. Following the transaction, the chief executive officer owned 765,002 shares in the company, valued at approximately $28,350,974.12. This represents a 4.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

IMAX Stock Performance

NYSE IMAX opened at $35.96 on Tuesday. The stock has a market cap of $1.94 billion, a P/E ratio of 57.99, a price-to-earnings-growth ratio of 1.60 and a beta of 0.41. IMAX Corporation has a fifty-two week low of $21.86 and a fifty-two week high of $43.16. The stock has a 50 day simple moving average of $38.21 and a two-hundred day simple moving average of $36.23.

IMAX (NYSE:IMAX) last announced its earnings results on Wednesday, February 25th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.15. The company had revenue of $125.21 million during the quarter, compared to the consensus estimate of $120.30 million. IMAX had a return on equity of 13.53% and a net margin of 8.50%.The firm’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 earnings per share. Sell-side analysts predict that IMAX Corporation will post 1.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on IMAX shares. Benchmark raised their price objective on shares of IMAX from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Weiss Ratings restated a “buy (b)” rating on shares of IMAX in a research note on Monday, December 29th. Seaport Research Partners lifted their price target on IMAX from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, April 8th. The Goldman Sachs Group upped their price target on IMAX from $37.00 to $41.00 and gave the stock a “neutral” rating in a research note on Monday, March 2nd. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $47.00 price objective on shares of IMAX in a report on Monday. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $43.70.

Hedge Funds Weigh In On IMAX

Institutional investors and hedge funds have recently made changes to their positions in the business. CIBC Private Wealth Group LLC purchased a new position in shares of IMAX during the third quarter valued at approximately $27,000. Quarry LP grew its stake in shares of IMAX by 166.8% in the 4th quarter. Quarry LP now owns 875 shares of the company’s stock worth $32,000 after buying an additional 547 shares during the last quarter. First Horizon Corp purchased a new stake in shares of IMAX in the 3rd quarter worth approximately $34,000. Jones Financial Companies Lllp increased its position in IMAX by 43.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,041 shares of the company’s stock valued at $34,000 after buying an additional 317 shares in the last quarter. Finally, Clearstead Advisors LLC bought a new position in IMAX during the 3rd quarter valued at approximately $35,000. Institutional investors own 93.51% of the company’s stock.

IMAX News Roundup

Here are the key news stories impacting IMAX this week:

• Positive Sentiment: A boutique studio announced a major IMAX pickup: A24 will release Alex Garland’s film adaptation of the videogame Elden Ring in IMAX in 2028 — a high‑profile, franchise‑driven title that can drive box‑office demand and premium screen bookings for IMAX. A24 sets ‘Elden Ring’ from Alex Garland for 2028 in IMAX – full cast
• Positive Sentiment: Sell‑side support: Rosenblatt reaffirmed a “buy” on IMAX with a $47 price target, signaling analyst confidence in upside against current levels. Benzinga
• Positive Sentiment: Industry / tech relevance: Directors are using tools like Apple Vision Pro to preview films in IMAX formats, highlighting IMAX’s role in production workflows and continued relevance to filmmakers and high‑quality releases. The Mandalorian and Grogu director used Apple Vision Pro to preview the film in IMAX
• Neutral Sentiment: Sector mention: A Zacks roundup lists IMAX among film & television production names to watch amid mixed industry trends — a sign that IMAX is still on analysts’ radar but not proof of immediate upside. 4 Film & Television Production Stocks to Watch Amid Dull Industry Trends
• Negative Sentiment: Competitive risk: Disney is rolling out its own giant‑screen format (Infinity Vision) and has fought for premium screen allocations on tentpole releases — a potential long‑term headwind if studios divert premium runs away from IMAX. Disney’s answer to IMAX hopes to take cinemagoers to Infinity (and beyond)
• Negative Sentiment: Insider selling: CEO Richard Gelfond sold shares on April 16–17 under a pre‑arranged Rule 10b5‑1 plan (total disclosed sales ~75,919 shares at ~\$37/share across the two filings). While executed under a plan, insider selling can weigh on sentiment. SEC filing

IMAX Company Profile

IMAX Corporation is a global leader in immersive entertainment technologies, specializing in the design, manufacture and distribution of high-resolution cameras, projectors, and proprietary software solutions that enhance both film production and theatrical exhibition. The company licenses its premium large-format system to theatre owners and filmmakers around the world, enabling audiences to experience movies with greater clarity, scale and sound fidelity. IMAX also offers turnkey theatre development services, assisting cinema operators with auditorium design, installation and custom branding to optimize the customer experience.

Founded in 1967 and headquartered in Mississauga, Ontario, IMAX has built a reputation for pioneering film-format innovations, including its patented dual 15-perforation, 70-millimeter projection system.