StorageVault Canada (TSE:SVI) Trading Down 0.2% After Insider Selling

StorageVault Canada Inc. (TSE:SVI)’s stock price fell 0.2% during trading on Tuesday following insider selling activity. The stock traded as low as C$4.55 and last traded at C$4.79. 402,079 shares were traded during 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 that occurred on Thursday, August 14th. The stock was sold at an average price of C$4.70, for a total transaction of C$470,000.00. Following the transaction, the director owned 660,005 shares of the company’s stock, valued at approximately 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 the business’s stock in a transaction that occurred on 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 directly owned 635,005 shares in the company, valued at approximately C$3,028,973.85. This represents a 3.79% decrease in their position. In other news, Director Alan Arthur Simpson sold 134,700 shares of the business’s stock in a transaction that occurred on 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 transaction, the director owned 381,305 shares of the company’s stock, valued at approximately C$1,792,133.50. The trade was a 26.10% decrease in their position.

Analyst Ratings Changes

Several research firms have recently weighed in on SVI. Royal Bank Of Canada set a C$5.50 target price on StorageVault Canada and gave the company an “outperform” rating in a research 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 report on Friday, July 25th. BMO Capital Markets set a C$5.50 price objective on StorageVault Canada and gave the company an “outperform” rating in a report on Wednesday, August 27th. Scotiabank boosted 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. Finally, Desjardins upgraded StorageVault Canada from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$4.25 to C$5.00 in a report on Thursday, July 24th. Seven analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$5.17.

StorageVault Canada Stock Performance

The firm has a market capitalization of C$1.75 billion, a PE ratio of -57.02 and a beta of 0.83. The company has a fifty day simple moving average of C$4.52 and a two-hundred day simple moving average of C$4.12.

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.