CorVel (NASDAQ:CRVL) VP Jennifer Yoss Sells 1,999 Shares

CorVel Corp. (NASDAQ:CRVL) VP Jennifer Yoss sold 1,999 shares of CorVel stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $61.02, for a total value of $121,978.98. Following the transaction, the vice president owned 2,173 shares of the company’s stock, valued at $132,596.46. The trade was a 47.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

CorVel Trading Down 2.7%

Shares of NASDAQ CRVL traded down $1.65 during trading on Wednesday, reaching $59.40. 246,923 shares of the company traded hands, compared to its average volume of 183,009. The firm’s fifty day simple moving average is $56.43 and its 200 day simple moving average is $61.35. The stock has a market cap of $3.01 billion, a P/E ratio of 27.76 and a beta of 0.98. CorVel Corp. has a 12-month low of $44.83 and a 12-month high of $113.64.

CorVel (NASDAQ:CRVL) last released its quarterly earnings data on Tuesday, May 19th. The business services provider reported $0.61 earnings per share for the quarter. The business 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

A number of institutional investors have recently modified their holdings of the business. Argent Capital Management LLC grew its position in shares of CorVel by 52.4% during the 1st quarter. Argent Capital Management LLC now owns 40,531 shares of the business services provider’s stock valued at $2,215,000 after acquiring an additional 13,930 shares during the period. Royal Bank of Canada grew its position in shares of CorVel by 24.8% during the 1st quarter. Royal Bank of Canada now owns 55,134 shares of the business services provider’s stock valued at $3,013,000 after acquiring an additional 10,957 shares during the period. Empowered Funds LLC grew its position in shares of CorVel by 1.5% during the 1st quarter. Empowered Funds LLC now owns 15,815 shares of the business services provider’s stock valued at $864,000 after acquiring an additional 239 shares during the period. Quantinno Capital Management LP boosted its holdings in CorVel by 328.4% in the 1st quarter. Quantinno Capital Management LP now owns 81,544 shares of the business services provider’s stock worth $4,456,000 after buying an additional 62,508 shares during the last quarter. Finally, Granahan Investment Management LLC boosted its holdings in CorVel by 36.2% in the 1st quarter. Granahan Investment Management LLC now owns 79,896 shares of the business services provider’s stock worth $4,366,000 after buying an additional 21,217 shares during the last quarter. 51.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings cut CorVel from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 6th. One research analyst has rated the stock with a Sell rating, Based on 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).