Insider Selling: IMAX (NYSE:IMAX) Insider Sells 330,200 Shares of Stock

IMAX Corporation (NYSE:IMAX) insider Kevin Douglas sold 330,200 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $37.82, for a total transaction of $12,488,164.00. Following the sale, the insider directly owned 3,657,450 shares in the company, valued at approximately $138,324,759. The trade was a 8.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kevin Douglas also recently made the following trade(s):

• On Monday, March 16th, Kevin Douglas sold 237,800 shares of IMAX stock. The stock was sold at an average price of $37.82, for a total transaction of $8,993,596.00.

IMAX Stock Up 2.9%

NYSE:IMAX opened at $39.21 on Tuesday. The company has a fifty day simple moving average of $37.07 and a two-hundred day simple moving average of $35.13. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 63.24, a price-to-earnings-growth ratio of 1.80 and a beta of 0.33. IMAX Corporation has a 52 week low of $20.48 and a 52 week high of $43.16.

IMAX (NYSE:IMAX) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.58 earnings per share (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 analysts’ expectations of $120.30 million. IMAX had a return on equity of 13.53% and a net margin of 8.50%.The company’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period last year, the firm earned $0.27 earnings per share. On average, analysts expect that IMAX Corporation will post 0.91 EPS for the current year.

IMAX News Summary

Here are the key news stories impacting IMAX this week:

• Positive Sentiment: Christopher Nolan’s upcoming film The Odyssey secured extended theatrical windows and confirmed IMAX showings — a potential near‑term box‑office and premium‑ticket catalyst that can lift admissions and theater partner demand for IMAX formats. Christopher Nolan’s The Odyssey secures extended theatrical windows & IMAX showings
• Positive Sentiment: Recent analyst coverage shows an average price target around $43.70, above current levels — signals analyst confidence and provides an upside reference that may support buying interest. IMAX Receives $43.70 Average PT from Analysts
• Neutral Sentiment: Media mentions of specialty screenings (an anime classic in IMAX) highlight continued content diversification and niche programming, which help fill off‑peak dates but are unlikely to move results dramatically on their own. Hollywood Minute: An anime classic in IMAX
• Negative Sentiment: IMAX CEO Richard Gelfond sold roughly $4.9M of stock (exercise + sale) in early March — an insider sale that investors may view cautiously even if it was liquidity from option vesting rather than a vote of no confidence. IMAX CEO Sold Shares Worth $4.9 Million
• Negative Sentiment: Reputational headline: Geoff Keighley publicly criticized the Oscars for omitting late IMAX pioneer David Keighley from the In Memoriam segment — negative PR within the film community that could irk creative partners, though direct financial impact is likely limited. Oscars 2026: IMAX pioneer David Kieghley left out from ‘In Memoriam’ segment

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd raised its stake in IMAX by 159.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,006 shares of the company’s stock worth $111,000 after acquiring an additional 1,849 shares in the last quarter. Sit Investment Associates Inc. boosted its stake in IMAX by 184.9% in the fourth quarter. Sit Investment Associates Inc. now owns 50,350 shares of the company’s stock valued at $1,861,000 after acquiring an additional 32,675 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of IMAX during the fourth quarter worth about $493,000. Wellington Management Group LLP grew its holdings in shares of IMAX by 41.7% during the fourth quarter. Wellington Management Group LLP now owns 839,303 shares of the company’s stock worth $31,021,000 after purchasing an additional 247,009 shares during the last quarter. Finally, Occudo Quantitative Strategies LP acquired a new stake in shares of IMAX during the fourth quarter worth about $709,000. Institutional investors and hedge funds own 93.51% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on IMAX. Barrington Research reiterated an “outperform” rating and issued a $42.00 price objective on shares of IMAX in a research note on Monday, January 26th. Macquarie Infrastructure lifted their price target on shares of IMAX from $39.00 to $44.00 and gave the stock an “outperform” rating in a research note on Thursday, January 15th. B. Riley Financial reiterated a “buy” rating on shares of IMAX in a report on Monday, December 8th. Rosenblatt Securities restated a “buy” rating and issued a $47.00 price objective on shares of IMAX in a report on Tuesday, February 24th. Finally, Wedbush reaffirmed an “outperform” rating and set a $46.00 price objective on shares of IMAX in a research report on Monday, February 23rd. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.70.

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.