--- title: "Insider Selling: IMAX (NYSE:IMAX) CEO Sells 151,253 Shares of Stock" type: "News" locale: "en" url: "https://longbridge.com/en/news/296607363.md" description: "IMAX CEO Richard Gelfond sold 151,253 shares valued at $7.7 million on August 18 via a Rule 10b5-1 plan, reducing his stake by 16.51%. He retains 765,002 shares. Concurrently, IMAX reported strong Q2 earnings, beating estimates with $0.43 EPS and $102.84M revenue. Analysts maintain a 'Moderate Buy' rating with an average target of $51.55, while several hedge funds increased their positions in the stock during recent quarters." datetime: "2026-08-21T10:52:55.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296607363.md) - [en](https://longbridge.com/en/news/296607363.md) - [zh-HK](https://longbridge.com/zh-HK/news/296607363.md) generator: "portal-rs" --- # Insider Selling: IMAX (NYSE:IMAX) CEO Sells 151,253 Shares of Stock IMAX Corporation (NYSE:IMAX - Get Free Report) CEO Richard Gelfond sold 151,253 shares of IMAX stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $51.00, for a total value of $7,713,903.00. Following the transaction, the chief executive officer owned 765,002 shares of the company's stock, valued at approximately $39,015,102. This represents a 16.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. ## IMAX Trading Down 1.6% - A Prada Payday: Is AMC Back in Style? IMAX stock opened at $52.87 on Friday. IMAX Corporation has a 12 month low of $25.56 and a 12 month high of $54.50. The stock's 50 day simple moving average is $44.44 and its two-hundred day simple moving average is $40.06. The firm has a market cap of $2.90 billion, a PE ratio of 73.43, a P/E/G ratio of 1.77 and a beta of 0.38. IMAX (NYSE:IMAX - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.13. The business had revenue of $102.84 million for the quarter, compared to analysts' expectations of $96.09 million. IMAX had a net margin of 9.84% and a return on equity of 15.47%. The business's revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the company earned $0.26 EPS. On average, equities research analysts forecast that IMAX Corporation will post 1.44 EPS for the current year. ## Analyst Upgrades and Downgrades * * * * * * - Box Office Revival: 3 Movie Theater Stocks Making a Comeback Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $60.00 target price on shares of IMAX in a research note on Friday, May 22nd. Wedbush lifted their price target on IMAX from $46.00 to $54.00 and gave the company an "outperform" rating in a research note on Friday, July 24th. JPMorgan Chase & Co. upped their price target on IMAX from $47.00 to $50.00 and gave the stock an "overweight" rating in a report on Friday, July 24th. Roth Capital increased their price target on IMAX from $48.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday, July 24th. Finally, HC Wainwright reissued a "buy" rating on shares of IMAX in a report on Friday, July 24th. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $51.55. **Check Out Our Latest Analysis on IMAX** ## Hedge Funds Weigh In On IMAX - Big Screen Stock Soars on Blockbuster Q2 Earnings A number of large investors have recently added to or reduced their stakes in IMAX. CIBC Private Wealth Group LLC purchased a new position in IMAX during the third quarter valued at $27,000. Quarry LP increased its stake in shares of IMAX by 166.8% during the fourth quarter. Quarry LP now owns 875 shares of the company's stock worth $32,000 after purchasing an additional 547 shares in the last quarter. Torren Management LLC acquired a new position in shares of IMAX during the 4th quarter worth about $40,000. Caitong International Asset Management Co. Ltd raised its position in shares of IMAX by 2,310.4% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,157 shares of the company's stock worth $38,000 after purchasing an additional 1,109 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd raised its position in shares of IMAX by 863.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,666 shares of the company's stock worth $62,000 after purchasing an additional 1,493 shares during the last quarter. 93.51% of the stock is currently owned by institutional investors and hedge funds. ## Key Stories Impacting IMAX Here are the key news stories impacting IMAX this week: - Positive Sentiment: Rosenblatt Securities reaffirmed its **Buy** rating and set a $60 price target, implying further upside from recent trading levels. Benzinga analyst rating report - Positive Sentiment: *The Odyssey* has surpassed $1.29 billion globally and is being described as IMAX’s biggest release ever, reinforcing the value of the company’s premium large-format screens and supporting potential box-office and licensing revenue. The Odyssey becomes IMAX’s biggest release - Positive Sentiment: Demand for *Dune: Part Three* appears exceptionally strong, with IMAX 70mm screenings selling out or nearly selling out, booking websites reportedly facing heavy traffic, and tickets being resold at substantial markups. This suggests strong near-term attendance and premium-format demand. Early Dune IMAX 70mm showings nearly sell out - Neutral Sentiment: CEO Richard L. Gelfond sold a combined **456,757 IMAX shares** from August 18–20 for approximately $24.0 million. All three transactions were executed under a pre-arranged Rule 10b5-1 plan, reducing the likelihood that the sales reflect a newly negative view of the business, although they may weigh on sentiment after the stock’s strong rally. He continues to own 665,002 shares. SEC insider trading filing - Negative Sentiment: The concentrated CEO selling is the clearest near-term bearish catalyst, particularly with IMAX trading near its 12-month high and at an elevated earnings multiple. Investors may interpret the sales as profit-taking and a source of additional supply even though they were preplanned. ## IMAX Company Profile (Get Free Report) 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. ## Featured Stories - Five stocks we like better than IMAX - 3 Energy Stocks Raising Dividends as the Sector Surges - 5 Reasons the S&P 500 Could Keep Rallying Through Year-End - Walmart's Post-Earnings Drop Could Be a Buying Opportunity - The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future *This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to \[email protected\].* Insider Buying or Selling at IMAX? 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