StorageVault Canada (TSE:SVI) Insider Storagevault Canada Inc. Buys 10,000 Shares of Company Stock

Key Points

• StorageVault Canada insider purchases: The insider bought 10,000 shares for C$42,100 and subsequently acquired another 30,000 shares, bringing the reported purchases to 40,000 shares worth approximately C$166,900.
• Shares remain below analyst targets: SVI traded at C$4.15, near its 52-week low of C$4.02, while analysts maintain a “Moderate Buy” consensus and an average price target of C$5.86.
• Quarterly results were weak: StorageVault reported C$91.09 million in revenue, a loss of C$0.02 per share, a negative 4.32% net margin, and a negative 16.05% return on equity.

StorageVault Canada Inc. (TSE:SVI - Get Free Report) insider Storagevault Canada Inc. purchased 10,000 shares of the company's stock in a transaction that occurred on Wednesday, September 23rd. The stock was bought at an average price of C$4.21 per share, with a total value of C$42,100.00. Following the transaction, the insider owned 10,000 shares of the company's stock, valued at C$42,100. This represents a ∞ increase in their position.

Storagevault Canada Inc. also recently made the following trade(s):

• On Friday, September 25th, Storagevault Canada Inc. acquired 10,000 shares of StorageVault Canada stock. The shares were purchased at an average price of C$4.15 per share, with a total value of C$41,500.00.
• On Monday, September 28th, Storagevault Canada Inc. bought 10,000 shares of StorageVault Canada stock. The stock was purchased at an average price of C$4.20 per share, with a total value of C$42,000.00.
• On Wednesday, September 30th, Storagevault Canada Inc. bought 10,000 shares of StorageVault Canada stock. The shares were acquired at an average price of C$4.13 per share, for a total transaction of C$41,300.00.

StorageVault Canada Price Performance

TSE SVI traded down C$0.01 during trading on Thursday, hitting C$4.15. The company's stock had a trading volume of 52,284 shares, compared to its average volume of 312,066. StorageVault Canada Inc. has a fifty-two week low of C$4.02 and a fifty-two week high of C$5.39. The company has a market cap of C$1.52 billion, a PE ratio of -101.22 and a beta of 0.79. The business's 50 day simple moving average is C$4.38 and its 200-day simple moving average is C$4.48.

StorageVault Canada (TSE:SVI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported C($0.02) earnings per share (EPS) for the quarter. StorageVault Canada had a negative net margin of 4.32% and a negative return on equity of 16.05%. The company had revenue of C$91.09 million for the quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SVI. Raymond James Financial downgraded StorageVault Canada from a "strong-buy" rating to a "moderate buy" rating and lowered their price objective for the stock from C$5.75 to C$5.25 in a research report on Friday, October 2nd. Royal Bank Of Canada lifted their price target on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the stock an "outperform" rating in a research note on Friday, July 24th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, StorageVault Canada has an average rating of "Moderate Buy" and an average target price of C$5.86.

StorageVault Canada Company Profile

StorageVault currently owns and operates 275 storage locations across Canada. StorageVault owns 243 of these locations plus over 5,000 portable storage units representing over 13.8 million rentable square feet on 802 acres of land. StorageVault also provides last mile storage and logistics solutions and professional records management services, such as document and media storage, imaging and shredding services.

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