Insider Selling: StorageVault Canada (TSE:SVI) Director Sells 134,700 Shares of Stock

Key Points

• Director Alan Arthur Simpson sold a total of C$633,090 worth of StorageVault Canada shares, reducing his ownership by 26.10%.
• StorageVault Canada stock recently traded at C$4.77, reflecting a 0.6% decrease, with a market cap of C$1.74 billion.
• Analysts have given the stock a consensus rating of "Moderate Buy", with an average target price of C$5.17, following several upgrades in recent months.

StorageVault Canada Inc. (TSE:SVI - Get Free Report) Director Alan Arthur Simpson sold 134,700 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of C$4.70, for a total value of C$633,090.00. Following the sale, the director directly owned 381,305 shares of the company's stock, valued at approximately C$1,792,133.50. This trade represents a 26.10% decrease in their position.

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 25,000 shares of StorageVault Canada stock. The shares were 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 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 Price Performance

SVI stock traded up C$0.08 during midday trading on Friday, hitting C$4.81. The stock had a trading volume of 205,984 shares, compared to its average volume of 322,786. The firm has a market cap of C$1.76 billion, a price-to-earnings ratio of -57.26 and a beta of 0.83. The business has a 50-day moving average of C$4.57 and a two-hundred day moving average of C$4.14. StorageVault Canada Inc. has a 52-week low of C$3.53 and a 52-week high of C$5.18.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SVI shares. Scotiabank upped their price target 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. Desjardins raised StorageVault Canada from a "hold" rating to a "buy" rating and increased their target price for the stock from C$4.25 to C$5.00 in a research note on Thursday, July 24th. BMO Capital Markets set a C$5.50 target price on StorageVault Canada and gave the stock an "outperform" rating in a research note on Wednesday, August 27th. Royal Bank Of Canada set a C$5.50 target price on StorageVault Canada and gave the stock an "outperform" rating in a research note on Wednesday, May 21st. Finally, TD Securities increased their target price 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 assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently 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.