StorageVault Canada (TSE:SVI) Director Alan Arthur Simpson Sells 92,500 Shares

Key Points

• Alan Arthur Simpson, a director at StorageVault Canada, sold a total of 92,500 shares on August 19 at an average price of C$4.72, reducing his ownership by 14.83%.
• StorageVault Canada's stock opened at C$4.81 on Friday with a market capitalization of C$1.76 billion, experiencing a 52-week low of C$3.53 and a high of C$5.18.
• Brokerage analysts are optimistic about the stock, with several firms assigning a target price of C$5.50 and issuing ratings of "outperform" or "buy."

StorageVault Canada Inc. (TSE:SVI - Get Free Report) Director Alan Arthur Simpson sold 92,500 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of C$4.72, for a total value of C$436,600.00. Following the sale, the director directly owned 531,305 shares in the company, valued at C$2,507,759.60. This trade represents a 14.83% 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 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 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

Shares of TSE:SVI opened at C$4.81 on Friday. 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 stock's 50-day simple moving average is C$4.57 and its two-hundred day simple moving average is C$4.14. StorageVault Canada Inc. has a 52-week low of C$3.53 and a 52-week high of C$5.18.

Analyst Ratings Changes

Several brokerages have issued reports on SVI. 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. Desjardins raised StorageVault Canada from a "hold" rating to a "buy" rating and raised their price objective for the stock 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 stock an "outperform" rating in a research note on Wednesday, May 21st. Scotiabank raised their price objective on 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, TD Securities raised their price objective on StorageVault Canada from C$5.00 to C$5.50 and gave the stock a "buy" rating in a research note on Friday, July 25th. Seven equities research 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. According to MarketBeat.com, the company currently 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.

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