StorageVault Canada (TSE:SVI) Director Sells C$470,000.00 in Stock

Key Points

• Alan Arthur Simpson, a director at StorageVault Canada, sold 100,000 shares on August 14 at an average price of C$4.70, decreasing his ownership by 13.16% to 660,005 shares.
• StorageVault Canada has received positive analyst ratings, with several firms raising their price targets for the stock to between C$5.00 and C$5.50, indicating a general consensus of a "Moderate Buy."
• The company's stock traded at C$4.77, with a market cap of C$1.74 billion and a price-to-earnings ratio of -56.79, reflecting potential financial challenges.

StorageVault Canada Inc. (TSE:SVI - Get Free Report) Director Alan Arthur Simpson sold 100,000 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of C$4.70, for a total transaction of C$470,000.00. Following the completion of the sale, the director owned 660,005 shares of the company's stock, valued at approximately C$3,102,023.50. This represents a 13.16% decrease in their position.

Alan Arthur Simpson also recently made the following trade(s):

• On Friday, August 15th, Alan Arthur Simpson sold 25,000 shares of StorageVault Canada stock. The stock was sold at an average price of C$4.77, for a total transaction of C$119,250.00.
• On Friday, August 15th, Alan Arthur Simpson sold 1,700 shares of StorageVault Canada stock. The shares were sold at an average price of C$4.80, for a total transaction of C$8,160.00.
• On Monday, August 18th, Alan Arthur Simpson sold 2,000 shares of StorageVault Canada stock. The stock was sold at an average price of C$4.80, for a total transaction of C$9,600.00.
• On Friday, August 22nd, Alan Arthur Simpson sold 134,700 shares of StorageVault Canada stock. The stock was sold at an average price of C$4.70, for a total value of C$633,090.00.
• On Friday, August 22nd, Alan Arthur Simpson sold 50,000 shares of StorageVault Canada stock. The shares were sold at an average price of C$4.75, for a total transaction of C$237,500.00.
• On Friday, August 1st, Alan Arthur Simpson sold 54,500 shares of StorageVault Canada stock. The stock was sold at an average price of C$4.68, for a total transaction of C$255,060.00.

StorageVault Canada Trading Up 1.7%

Shares of TSE:SVI traded up C$0.08 during mid-day trading on Friday, reaching C$4.81. The company had a trading volume of 205,984 shares, compared to its average volume of 322,786. StorageVault Canada Inc. has a one year low of C$3.53 and a one year high of C$5.18. The company's 50-day moving average price is C$4.57 and its 200-day moving average price is C$4.14. The firm has a market cap of C$1.76 billion, a price-to-earnings ratio of -57.26 and a beta of 0.83.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. BMO Capital Markets set a C$5.50 price target on StorageVault Canada and gave the company an "outperform" rating in a research report on Wednesday, August 27th. Desjardins upgraded StorageVault Canada from a "hold" rating to a "buy" rating and boosted their price objective for the company from C$4.25 to C$5.00 in a research note on Thursday, July 24th. TD Securities upped their price objective on shares of StorageVault Canada from C$5.00 to C$5.50 and gave the company a "buy" rating in a report on Friday, July 25th. Scotiabank lifted their target price on shares of StorageVault Canada from C$5.00 to C$5.50 and gave the stock an "outperform" rating in a research note on Tuesday, July 29th. Finally, Royal Bank Of Canada set a C$5.50 price target on shares of StorageVault Canada and gave the company an "outperform" rating in a research report on Wednesday, May 21st. Seven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of C$5.17.

About StorageVault Canada

StorageVault Canada Inc is engaged in the business of owning, operating, and leasing storage to individual and commercial customers across Canada. The company operates through three segments. Its Self Storage segment consists of renting space at the company's property for short or long-term storage which also includes space for storing vehicles and use for small commercial operations.