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

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

CorVel Price Performance

CorVel stock opened at $58.89 on Tuesday. The stock’s fifty day moving average price is $58.08 and its two-hundred day moving average price is $60.06. CorVel Corp. has a one year low of $44.83 and a one year 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Weiss Ratings lowered CorVel from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 6th. 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 Sell rating, Based on data from MarketBeat, CorVel presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On CorVel

A number of hedge funds and other institutional investors have recently bought and sold shares of CRVL. Argent Capital Management LLC acquired a new position in CorVel during the 4th quarter worth about $1,800,000. Vanguard Group Inc. lifted its holdings in CorVel by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,287,788 shares of the business services provider’s stock worth $254,541,000 after buying an additional 45,071 shares during the period. Algert Global LLC lifted its holdings in CorVel by 73.4% during the 3rd quarter. Algert Global LLC now owns 217,559 shares of the business services provider’s stock worth $16,843,000 after buying an additional 92,077 shares during the period. Public Sector Pension Investment Board lifted its holdings in CorVel by 31.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 122,098 shares of the business services provider’s stock worth $9,453,000 after buying an additional 29,320 shares during the period. Finally, M&T Bank Corp lifted its holdings in CorVel by 1,230.0% during the 4th quarter. M&T Bank Corp now owns 63,439 shares of the business services provider’s stock worth $4,293,000 after buying an additional 58,669 shares during the period. Institutional investors own 51.36% of the company’s stock.

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).