Jennifer Yoss Sells 2,100 Shares of CorVel (NASDAQ:CRVL) Stock

CorVel Corp. (NASDAQ:CRVL) VP Jennifer Yoss sold 2,100 shares of the 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 completion of the transaction, the vice president owned 2,173 shares in the company, valued at $154,109.16. This represents a 49.15% decrease in their position. The transaction was disclosed in a legal 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 Stock Down 1.5%

NASDAQ CRVL opened at $70.14 on Wednesday. The stock has a market capitalization of $3.58 billion, a PE ratio of 31.17 and a beta of 0.98. CorVel Corp. has a 12-month low of $44.83 and a 12-month high of $93.45. The company has a 50 day moving average price of $62.73 and a two-hundred day moving average price of $57.84.

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

Hedge Funds Weigh In On CorVel

Several large investors have recently made changes to their positions in the business. BlackRock Inc. bought a new position in CorVel during the second quarter worth $321,316,000. California State Teachers Retirement System boosted its holdings in CorVel by 7,962.8% in the 2nd 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 period. State Street Corp grew its position in CorVel by 2.7% in the 4th quarter. State Street Corp now owns 1,179,572 shares of the business services provider’s stock worth $79,822,000 after purchasing an additional 30,987 shares during the last quarter. Geode Capital Management LLC grew its position in CorVel by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 927,845 shares of the business services provider’s stock worth $62,796,000 after purchasing an additional 28,666 shares during the last quarter. Finally, Norges Bank bought a new position in shares of CorVel during the 4th quarter worth about $29,250,000. Institutional investors and hedge funds own 51.36% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Wall Street Zen raised CorVel from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Weiss Ratings raised CorVel from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 16th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, CorVel presently has a consensus rating of “Hold”.

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).