StorageVault Canada (TSE:SVI) Shares Down 0.2% on Insider Selling

Key Points

• StorageVault Canada Inc. shares fell by 0.2% following insider sales by Director Alan Arthur Simpson, who sold a total of 259,700 shares over multiple transactions.
• Analysts have generally positive views on StorageVault Canada, with multiple firms raising their price targets to C$5.50 and assigning an "outperform" or "buy" rating.
• The company's stock is characterized by a market capitalization of C$1.75 billion and it currently holds an average rating of "Moderate Buy" with a consensus price target of C$5.17.

StorageVault Canada Inc. (TSE:SVI - Get Free Report) was down 0.2% during mid-day trading on Tuesday after an insider sold shares in the company. The stock traded as low as C$4.55 and last traded at C$4.79. Approximately 402,079 shares changed hands during mid-day trading, an increase of 24% from the average daily volume of 324,520 shares. The stock had previously closed at C$4.80.

Specifically, Director Alan Arthur Simpson sold 100,000 shares of the firm's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of C$4.70, for a total value of C$470,000.00. Following the transaction, the director owned 660,005 shares in the company, valued at C$3,102,023.50. This trade represents a 13.16% decrease in their ownership of the stock. Also, Director Alan Arthur Simpson sold 25,000 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of C$4.77, for a total value of C$119,250.00. Following the sale, the director directly 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. In other news, Director Alan Arthur Simpson sold 134,700 shares of the firm's stock in a transaction dated 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 transaction, the director 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.

Analyst Upgrades and Downgrades

SVI has been the topic of several analyst reports. Scotiabank upped their price objective on StorageVault Canada from C$5.00 to C$5.50 and gave the company an "outperform" rating in a report on Tuesday, July 29th. TD Securities upped their price target on shares of StorageVault Canada from C$5.00 to C$5.50 and gave the company a "buy" rating in a report on Friday, July 25th. BMO Capital Markets set a C$5.50 target price on StorageVault Canada and gave the company an "outperform" rating in a research report on Wednesday, August 27th. Royal Bank Of Canada set a C$5.50 price objective on shares of StorageVault Canada and gave the stock an "outperform" rating in a research note on Wednesday, May 21st. Finally, Desjardins raised StorageVault Canada from a "hold" rating to a "buy" rating and increased their price objective for the company from C$4.25 to C$5.00 in a report on Thursday, July 24th. Seven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$5.17.

StorageVault Canada Stock Down 0.2%

The firm has a 50 day moving average of C$4.52 and a two-hundred day moving average of C$4.12. The firm has a market capitalization of C$1.75 billion, a price-to-earnings ratio of -57.02 and a beta of 0.83.

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.

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