Maxim Shishin Sells 2,250 Shares of CorVel (NASDAQ:CRVL) Stock

CorVel Corp. (NASDAQ:CRVL) insider Maxim Shishin sold 2,250 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $60.59, for a total value of $136,327.50. Following the completion of the transaction, the insider directly owned 7,050 shares in the company, valued at approximately $427,159.50. This represents a 24.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

CorVel Trading Down 2.4%

CRVL stock traded down $1.45 during trading on Monday, reaching $58.89. The stock had a trading volume of 197,886 shares, compared to its average volume of 222,599. The stock’s 50 day moving average is $58.08 and its two-hundred day moving average is $60.06. CorVel Corp. has a 52 week low of $44.83 and a 52 week high of $105.69. The firm has a market cap of $2.99 billion, a PE ratio of 27.52 and a beta of 0.99.

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

Hedge Funds Weigh In On CorVel

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in CorVel by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,287,788 shares of the business services provider’s stock worth $254,541,000 after purchasing an additional 45,071 shares during the period. State Street Corp grew 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 purchasing an additional 30,987 shares in the last quarter. Geode Capital Management LLC grew its position in CorVel by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 927,845 shares of the business services provider’s stock worth $62,796,000 after acquiring an additional 28,666 shares during the period. Norges Bank purchased a new position in CorVel in the fourth quarter worth approximately $29,250,000. Finally, Qube Research & Technologies Ltd grew its position in CorVel by 100.9% in the third quarter. Qube Research & Technologies Ltd now owns 236,713 shares of the business services provider’s stock worth $18,326,000 after acquiring an additional 118,879 shares during the period. Institutional investors and hedge funds own 51.36% of the company’s stock.

Wall Street Analyst Weigh In

CRVL has been the subject of several research analyst reports. Wall Street Zen upgraded CorVel from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Weiss Ratings downgraded CorVel from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 6th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, CorVel currently has an average rating of “Sell”.

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).