This Insider Has Just Sold Shares In StorageVault Canada

Some StorageVault Canada Inc. (TSE:SVI) shareholders may be a little concerned to see that the Independent Director, Alan Simpson, recently sold a substantial CA$1.0m worth of stock at a price of CA$5.08 per share. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 9.9%.

View our latest analysis for StorageVault Canada

The Last 12 Months Of Insider Transactions At StorageVault Canada

Notably, that recent sale by Alan Simpson is the biggest insider sale of StorageVault Canada shares that we've seen in the last year. That means that an insider was selling shares at around the current price of CA$5.01. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

Happily, we note that in the last year insiders paid CA$564k for 119.05k shares. 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 click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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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. We usually like to see fairly high levels of insider ownership. StorageVault Canada insiders own about CA$25m worth of shares. That equates to 1.4% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About StorageVault Canada Insiders?

An insider hasn't bought StorageVault Canada stock in the last three months, but there was some selling. And our longer term analysis of insider transactions didn't bring confidence, either. Insiders own shares, but we're still pretty cautious, given the history of sales. We'd practice some caution before buying! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of StorageVault Canada.

Of course StorageVault Canada may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

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.