Alan Arthur Simpson Sells 25,000 Shares of StorageVault Canada (TSE:SVI) 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 stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of C$4.77, for a total value of C$119,250.00. Following the transaction, the director owned 635,005 shares of the company's stock, valued at C$3,028,973.85. This represents a 3.79% 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 shares were 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 shares were sold at an average price of C$4.72, for a total value of C$436,600.00.
• 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 TSE:SVI 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 stock has a market capitalization of C$1.76 billion, a price-to-earnings ratio of -57.26 and a beta of 0.83. The business's 50 day simple moving average is C$4.57 and its two-hundred day simple moving average is C$4.14.

Analysts Set New Price Targets

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