Insider Selling: StorageVault Canada (TSE:SVI) Director Sells 25,000 Shares of Stock

Key Points

• Alan Arthur Simpson, a director at StorageVault Canada, sold 25,000 shares for C$119,250, reducing his ownership by 3.79% to 635,005 shares.
• Analysts have set a target price range of C$5.00 to C$5.50, with a consensus rating of "Moderate Buy" for StorageVault Canada.
• StorageVault Canada's stock recently traded at C$4.77, with a market capitalization of C$1.74 billion and a price-to-earnings ratio of -56.79.

StorageVault Canada Inc. (TSE:SVI - Get Free Report) Director Alan Arthur Simpson sold 25,000 shares of the firm's stock in a transaction on Friday, August 15th. The stock was sold at an average price of C$4.77, for a total value of C$119,250.00. Following the completion of the transaction, the director owned 635,005 shares in the company, valued at approximately C$3,028,973.85. This trade represents a 3.79% decrease in their ownership of the stock.

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

• On Thursday, August 14th, Alan Arthur Simpson sold 100,000 shares of StorageVault Canada stock. The shares were sold at an average price of C$4.70, for a total value of C$470,000.00.
• 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 value of C$8,160.00.
• On Monday, August 18th, Alan Arthur Simpson sold 2,000 shares of StorageVault Canada stock. The shares were 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 shares were 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 value of C$237,500.00.
• On Friday, August 1st, Alan Arthur Simpson sold 54,500 shares of StorageVault Canada stock. The shares were sold at an average price of C$4.68, for a total value of C$255,060.00.

StorageVault Canada Price Performance

Shares of SVI stock traded down C$0.03 during trading hours on Tuesday, hitting C$4.77. The stock had a trading volume of 325,308 shares, compared to its average volume of 323,843. StorageVault Canada Inc. has a one year low of C$3.53 and a one year high of C$5.18. The stock's 50-day moving average price is C$4.51 and its two-hundred day moving average price is C$4.12. The stock has a market capitalization of C$1.74 billion, a price-to-earnings ratio of -56.79 and a beta of 0.83.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Royal Bank Of Canada set a C$5.50 price target 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 target on StorageVault Canada and gave the company an "outperform" rating in a report on Wednesday, August 27th. TD Securities boosted their price target 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. Scotiabank upped their target price on StorageVault Canada from C$5.00 to C$5.50 and gave the stock an "outperform" rating in a report on Tuesday, July 29th. Finally, Desjardins upgraded StorageVault Canada from a "hold" rating to a "buy" rating and upped their target price for the stock from C$4.25 to C$5.00 in a report on Thursday, July 24th. Seven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.

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