CorVel (NASDAQ:CRVL) VP Sells $121,978.98 in Stock

CorVel Corp. (NASDAQ:CRVL) VP Jennifer Yoss sold 1,999 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $61.02, for a total value of $121,978.98. Following the completion of the transaction, the vice president directly owned 2,173 shares of the company’s stock, valued at $132,596.46. The trade was a 47.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

CorVel Stock Performance

NASDAQ:CRVL opened at $61.75 on Friday. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 28.86 and a beta of 0.98. CorVel Corp. has a 52-week low of $44.83 and a 52-week high of $113.64. The stock has a fifty day moving average of $56.73 and a 200 day moving average of $61.26.

CorVel (NASDAQ:CRVL) last posted its quarterly earnings data on Tuesday, May 19th. The business services provider reported $0.61 earnings per share (EPS) for the quarter. The company had revenue of $248.55 million during the quarter. CorVel had a return on equity of 29.92% and a net margin of 11.51%.

Institutional Investors Weigh In On CorVel

Large investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. raised its position in CorVel by 147.4% during the third quarter. Federated Hermes Inc. now owns 381 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 227 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in CorVel during the third quarter valued at about $31,000. Los Angeles Capital Management LLC purchased a new stake in CorVel during the fourth quarter valued at about $33,000. Eagle Bay Advisors LLC purchased a new stake in CorVel during the fourth quarter valued at about $37,000. Finally, Hantz Financial Services Inc. raised its position in CorVel by 61.3% during the third quarter. Hantz Financial Services Inc. now owns 500 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 51.36% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CRVL. Wall Street Zen raised CorVel from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings lowered CorVel from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 6th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

CorVel Company Profile

CorVel Corporation (NASDAQ: CRVL) is a technology-driven provider of workers’ compensation, liability, and specialty risk management solutions. The company develops and deploys software and data analytics tools to streamline claims administration, medical cost containment, prescription drug management, and provider network access. CorVel’s integrated platform connects employers, insurers, healthcare providers, and injured workers, aiming to improve outcomes and control costs through process automation and real-time decision support.

The company’s product suite includes claims lifecycle management, bill review and negotiation, virtual care and telehealth services, pharmacy benefit management, and independent medical examinations (IMEs).