Dana Settle Sells 3,390 Shares of IMAX Corporation

On June 11, 2026, Dana Settle sold 3,390 shares of IMAX Corporation (NYSE:IMAX). The transaction did not specify a price, but IMAX shares were trading at $42.24 at the time.

What Changed in Dana Settle's IMAX Position

Dana Settle reduced her holdings in IMAX Corporation by selling 3,390 shares. This transaction was not part of a pre-planned trading program, indicating a discretionary decision to sell.

Other Institutional Activity in IMAX

Several institutional investors made moves in IMAX Corporation recently. Orbis Allan Gray Ltd maintained its position with 5,151,721 shares valued at about $195.8 million. Nomura Asset Management International Inc. trimmed its holdings by 563,742 shares, bringing its total to 3,704,207 shares worth approximately $140.8 million. FMR LLC also reduced its stake by 317,974 shares, now holding 3,117,374 shares valued at $118.5 million. BlackRock, Inc. slightly decreased its position by 26,090 shares to 2,622,590 shares, valued at $99.7 million. Meanwhile, Driehaus Capital Management LLC increased its holdings by 627,859 shares, ending with 1,651,711 shares valued at $62.8 million.

IMAX Corporation Stock Snapshot

Shares of NYSE:IMAX traded near $42.24. IMAX Corporation boasts a market cap of $2.32 billion, with a P/E ratio of 63.04 and a forward P/E of 21.65. The stock has a 52-week range between $24.20 and $43.31, with a 50-day moving average of $37.31 and a 200-day moving average of $35.76. The company maintains a strong current ratio of 4.57 and a quick ratio of 4.05, with a debt-to-equity ratio of 67.90.

Recent Earnings

IMAX Corporation reported revenue of $404.9 million, though it experienced a revenue decline of 6.1%. The company achieved a net margin of 9.08% and a return on equity of 10.69%. IMAX is scheduled to announce its next earnings on July 30, 2026.

Insider Buying and Selling at IMAX Corporation

On June 11, 2026, several insiders at IMAX Corporation engaged in trading activities. Steve Pamon bought and sold 3,390 shares, while Eric Demirian made a similar move. David Leebron and Jennifer Wong each purchased 3,390 shares. Michael MacMillan sold 1,849 shares at an average price of $42.12.

Analysts Set New Price Targets

On May 22, 2026, Benchmark maintained a 'buy' rating on IMAX with a price target of $60. Macquarie and Barrington Research both kept their 'buy' ratings with a $46 target on May 1, 2026. JP Morgan also maintained a 'buy' rating, setting a $47 price target. Overall, the consensus recommendation for IMAX is a 'strong buy', with a mean target price of $47.18 based on 11 analyst opinions.

About IMAX Corporation

IMAX Corporation, headquartered in Mississauga, Canada, operates as a technology platform for entertainment and events globally. The company offers film remastering technology, streaming and video quality solutions, and provides maintenance services to its network. IMAX operates through Content Solutions and Technology Products and Services segments, serving a wide range of venues from museums to home theaters. Founded in 1967, it is led by CEO Richard Lewis Gelfond and employs 679 people worldwide.

Bottom Line

Dana Settle's recent sale of IMAX shares is part of broader insider trading activity at the company. IMAX remains a notable player in the entertainment technology space, with strong institutional interest and analyst support. Investors should note that insider trades are reported after the fact and may not reflect current holdings.