StorageVault Canada Sees Insider Stock Selling

Viewing insider transactions for StorageVault Canada Inc.'s (TSE:SVI ) over the last year, we see that insiders were net sellers. This means that a larger number of shares were sold by insiders in relation to shares purchased.

While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.

View our latest analysis for StorageVault Canada

The Last 12 Months Of Insider Transactions At StorageVault Canada

In the last twelve months, the biggest single sale by an insider was when the Independent Director, Alan Simpson, sold CA$1.0m worth of shares at a price of CA$5.08 per share. So we know that an insider sold shares at around the present share price of CA$4.86. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern. Alan Simpson was the only individual insider to sell shares in the last twelve months.

Over the last year, we can see that insiders have bought 122.53k shares worth CA$576k. On the other hand they divested 200.00k shares, for CA$1.0m. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.

Does StorageVault Canada Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that StorageVault Canada insiders own 1.4% of the company, worth about CA$24m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At StorageVault Canada Tell Us?

It doesn't really mean much that no insider has traded StorageVault Canada shares in the last quarter. Our analysis of StorageVault Canada insider transactions leaves us cautious. But it's good to see that insiders own shares in the company. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for StorageVault Canada.

But note: StorageVault Canada may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com