CorVel (NASDAQ:CRVL) VP Sells $148,932.00 in Stock

CorVel Corp. (NASDAQ:CRVL) VP Jennifer Yoss sold 2,100 shares of CorVel stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $70.92, for a total value of $148,932.00. Following the transaction, the vice president owned 2,173 shares in the company, valued at approximately $154,109.16. The trade was a 49.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Jennifer Yoss also recently made the following trade(s):

• On Tuesday, May 26th, Jennifer Yoss sold 1,999 shares of CorVel stock. The shares were sold at an average price of $61.02, for a total transaction of $121,978.98.

CorVel Price Performance

NASDAQ:CRVL opened at $70.36 on Thursday. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 31.27 and a beta of 0.98. The company’s 50-day moving average is $62.98 and its two-hundred day moving average is $58.00. CorVel Corp. has a 1-year low of $44.83 and a 1-year high of $93.45.

CorVel (NASDAQ:CRVL) last released its quarterly earnings data on Tuesday, August 4th. The business services provider reported $0.63 EPS for the quarter. CorVel had a return on equity of 29.92% and a net margin of 11.72%.The firm had revenue of $259.93 million for the quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CRVL shares. Weiss Ratings upgraded CorVel from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 16th. Wall Street Zen upgraded CorVel from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in CorVel during the second quarter worth $321,316,000. California State Teachers Retirement System grew its holdings in CorVel by 7,962.8% in the second quarter. California State Teachers Retirement System now owns 2,350,314 shares of the business services provider’s stock valued at $146,942,000 after purchasing an additional 2,321,164 shares during the last quarter. State Street Corp increased its position in shares of CorVel by 2.7% in the fourth quarter. State Street Corp now owns 1,179,572 shares of the business services provider’s stock valued at $79,822,000 after buying an additional 30,987 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of CorVel by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 927,845 shares of the business services provider’s stock worth $62,796,000 after buying an additional 28,666 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of CorVel in the 4th quarter worth about $29,250,000. 51.36% of the stock is owned by hedge funds and other institutional investors.

About CorVel

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).