IMAX (NYSE:IMAX) CEO Richard Gelfond Sells 41,737 Shares of Stock

IMAX Corporation (NYSE:IMAX) CEO Richard Gelfond sold 41,737 shares of the stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $37.05, for a total value of $1,546,355.85. Following the transaction, the chief executive officer owned 765,002 shares of the company’s stock, valued at $28,343,324.10. The trade was a 5.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

IMAX Stock Performance

Shares of IMAX opened at $35.96 on Tuesday. IMAX Corporation has a fifty-two week low of $21.86 and a fifty-two week high of $43.16. The business has a 50-day moving average of $38.21 and a 200 day moving average of $36.23. The firm 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 (NYSE:IMAX) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.43 by $0.15. The business had revenue of $125.21 million for the quarter, compared to the consensus estimate of $120.30 million. IMAX had a net margin of 8.50% and a return on equity of 13.53%. The company’s revenue was up 35.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 earnings per share. As a group, research analysts predict that IMAX Corporation will post 1.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on IMAX. Seaport Research Partners lifted their price objective on shares of IMAX from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, April 8th. Wall Street Zen downgraded IMAX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of IMAX in a report on Monday, December 29th. The Goldman Sachs Group lifted their price target on IMAX from $37.00 to $41.00 and gave the company a “neutral” rating in a research report on Monday, March 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on IMAX from $47.00 to $48.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $43.70.

Hedge Funds Weigh In On IMAX

Several hedge funds have recently bought and sold shares of the company. Divisadero Street Capital Management LP bought a new position in IMAX in the 3rd quarter valued at $20,975,000. Principal Financial Group Inc. increased its holdings in shares of IMAX by 67.8% in the third quarter. Principal Financial Group Inc. now owns 70,927 shares of the company’s stock worth $2,323,000 after purchasing an additional 28,667 shares during the period. Citigroup Inc. raised its position in shares of IMAX by 267.7% in the third quarter. Citigroup Inc. now owns 66,769 shares of the company’s stock worth $2,187,000 after buying an additional 48,609 shares in the last quarter. Zhang Financial LLC purchased a new stake in shares of IMAX in the third quarter worth $903,000. Finally, Emerald Mutual Fund Advisers Trust bought a new stake in IMAX during the third quarter valued at $4,893,000. Hedge funds and other institutional investors own 93.51% of the company’s stock.

Key Headlines Impacting IMAX

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

About IMAX

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.