Insider Selling: Sandvine Co. (SVC) Insider Sells 25,000 Shares of Stock

Sandvine Co. (TSE:SVC) insider Tom Donnelly sold 25,000 shares of the firm’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of C$3.08, for a total value of C$77,000.00.

Tom Donnelly also recently made the following trade(s):

  • On Wednesday, March 1st, Tom Donnelly sold 25,000 shares of Sandvine stock. The shares were sold at an average price of C$2.86, for a total value of C$71,500.00.
  • On Wednesday, February 1st, Tom Donnelly sold 25,000 shares of Sandvine stock. The stock was sold at an average price of C$2.81, for a total value of C$70,250.00.

Shares of Sandvine Co. (TSE:SVC) traded up 0.812% on Friday, reaching $3.105. The company’s stock had a trading volume of 91,642 shares. The firm has a 50 day moving average price of $3.04 and a 200-day moving average price of $2.93. The stock has a market cap of $390.76 million and a PE ratio of 36.964. Sandvine Co. has a 12-month low of $2.45 and a 12-month high of $3.73.

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Several research firms recently commented on SVC. Royal Bank of Canada lifted their price objective on Sandvine from C$3.80 to C$4.10 and gave the stock an “outperform” rating in a report on Friday, April 7th. TD Securities reiterated a “hold” rating and issued a C$3.00 price objective on shares of Sandvine in a report on Friday, April 7th. Scotiabank lifted their price objective on Sandvine from C$3.00 to C$3.50 and gave the stock an “outperform” rating in a report on Friday, April 7th. Finally, Canaccord Genuity reduced their price objective on Sandvine from C$3.50 to C$3.25 and set a “buy” rating for the company in a report on Friday, January 13th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of C$3.33.

Sandvine Company Profile

Sandvine Corporation is engaged in research, design, manufacturing and sale of network policy control solutions for communications service providers. The Company offers various solutions, including business intelligence, traffic optimization, cyber security, subscriber engagement, subscriber services and business services.

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