StorageVault Canada (TSE:SVI) Trading Down 0.2% Following 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.

Shares of StorageVault Canada Inc. (TSE:SVI - Get Free Report) traded down 0.2% during mid-day trading on Tuesday following insider selling activity. The company traded as low as C$4.55 and last traded at C$4.79. 402,079 shares were traded during mid-day trading, an increase of 24% from the average session 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 business'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 completion of the sale, the director directly owned 660,005 shares of the company's stock, valued at C$3,102,023.50. The trade was a 13.16% decrease in their position. Also, Director Alan Arthur Simpson sold 25,000 shares of StorageVault Canada stock in a transaction dated Friday, August 15th. The shares were sold at an average price of C$4.77, for a total value of C$119,250.00. Following the transaction, the director owned 635,005 shares of the company's stock, valued at C$3,028,973.85. This trade represents a 3.79% decrease in their position. In other StorageVault Canada news, Director Alan Arthur Simpson sold 134,700 shares of StorageVault Canada stock in a transaction dated Friday, August 22nd. The stock was 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 owned 381,305 shares in the company, valued at approximately C$1,792,133.50. The trade was a 26.10% decrease in their position.

Analyst Upgrades and Downgrades

SVI has been the topic of a number of research analyst reports. 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. Scotiabank boosted 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. 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. TD Securities boosted 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. Finally, Desjardins upgraded StorageVault Canada from a "hold" rating to a "buy" rating and upped their price objective for the company from C$4.25 to C$5.00 in a research note on Thursday, July 24th. Seven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$5.17.

StorageVault Canada Price Performance

The firm has a market cap of C$1.76 billion, a P/E ratio of -57.26 and a beta of 0.83. The stock has a 50 day moving average of C$4.57 and a 200 day moving average of C$4.14.

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.