Alan Arthur Simpson Sells 134,700 Shares of StorageVault Canada (TSE:SVI) 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 firm's 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 transaction of C$633,090.00. Following the completion of the transaction, the director directly owned 381,305 shares in the company, valued at approximately C$1,792,133.50. The trade was a 26.10% 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 stock was 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 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 50,000 shares of StorageVault Canada stock. The shares were sold at an average price of C$4.75, for a total transaction 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 transaction of C$255,060.00.

StorageVault Canada Stock Performance

TSE:SVI traded up C$0.08 during trading hours 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 business's 50 day moving average is C$4.57 and its 200-day moving average is C$4.14. The company has a market cap of C$1.76 billion, a price-to-earnings ratio of -57.26 and a beta of 0.83. StorageVault Canada Inc. has a one year low of C$3.53 and a one year high of C$5.18.

Analysts Set New Price Targets

Several research firms have weighed in on SVI. BMO Capital Markets set a C$5.50 target price on StorageVault Canada and gave the stock an "outperform" rating in a report on Wednesday, August 27th. Desjardins raised StorageVault Canada from a "hold" rating to a "buy" rating and raised their price target for the stock from C$4.25 to C$5.00 in a research report on Thursday, July 24th. Royal Bank Of Canada set a C$5.50 price objective on StorageVault Canada and gave the company an "outperform" rating in a report on Wednesday, May 21st. TD Securities boosted their price objective on StorageVault Canada from C$5.00 to C$5.50 and gave the company a "buy" rating in a research report on Friday, July 25th. Finally, Scotiabank increased their target price 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. 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's stock. Based on data from MarketBeat.com, StorageVault Canada presently has an average rating of "Moderate Buy" and an average price target of C$5.17.

StorageVault Canada Company Profile

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.