Insider Selling: CorVel (NASDAQ:CRVL) Insider Sells $136,327.50 in Stock

CorVel Corp. (NASDAQ:CRVL) insider Maxim Shishin sold 2,250 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $60.59, for a total transaction of $136,327.50. Following the transaction, the insider directly owned 7,050 shares of the company’s stock, valued at $427,159.50. This represents a 24.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

CorVel Stock Down 2.6%

CorVel stock opened at $58.14 on Thursday. CorVel Corp. has a twelve month low of $44.83 and a twelve month high of $105.50. The firm has a 50 day moving average price of $58.27 and a 200-day moving average price of $59.86. The company has a market capitalization of $2.95 billion, a P/E ratio of 27.17 and a beta of 0.99.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. bought a new position in CorVel in the 3rd quarter worth approximately $31,000. Los Angeles Capital Management LLC purchased a new stake in CorVel in the 4th quarter worth approximately $33,000. Eagle Bay Advisors LLC purchased a new stake in CorVel in the 4th quarter worth approximately $37,000. Rockefeller Capital Management L.P. lifted its stake in CorVel by 66.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 574 shares of the business services provider’s stock worth $39,000 after purchasing an additional 230 shares in the last quarter. Finally, Quarry LP lifted its stake in CorVel by 218.6% in the 3rd quarter. Quarry LP now owns 513 shares of the business services provider’s stock worth $40,000 after purchasing an additional 352 shares in the last quarter. 51.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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