StorageVault Canada (TSE:SVI) Director Alan Arthur Simpson Sells 100,000 Shares

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 business's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of C$4.70, for a total value of C$470,000.00. Following the completion of the transaction, the director directly owned 660,005 shares of the company's stock, valued at approximately C$3,102,023.50. The trade was a 13.16% decrease in their ownership of the stock.

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

• On Tuesday, August 19th, Alan Arthur Simpson sold 7,500 shares of StorageVault Canada stock. The stock was sold at an average price of C$4.73, for a total value of C$35,459.25.
• On Tuesday, August 19th, Alan Arthur Simpson sold 92,500 shares of StorageVault Canada stock. The stock was sold at an average price of C$4.72, for a total value of C$436,600.00.
• 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 value of C$119,250.00.
• On Friday, August 15th, Alan Arthur Simpson sold 1,700 shares of StorageVault Canada stock. The stock was sold at an average price of C$4.80, for a total value 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 value 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 stock was sold at an average price of C$4.75, for a total value 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 value of C$255,060.00.

StorageVault Canada Stock Performance

SVI stock traded up C$0.08 on Friday, hitting C$4.81. 205,984 shares of the company's stock were exchanged, compared to its average volume of 322,786. StorageVault Canada Inc. has a 12-month low of C$3.53 and a 12-month high of C$5.18. The firm has a 50 day moving average price of C$4.57 and a two-hundred day moving average price of C$4.14. The stock has a market cap of C$1.76 billion, a P/E ratio of -57.26 and a beta of 0.83.

Wall Street Analyst Weigh In

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

StorageVault Canada Company Profile

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.