Insider Selling: CorVel Co. (NASDAQ:CRVL) CFO Sells $429,176.22 in Stock

CorVel Co. (NASDAQ:CRVL) CFO Brandon O’brien sold 3,957 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $108.46, for a total value of $429,176.22. Following the completion of the sale, the chief financial officer now owns 11,804 shares in the company, valued at approximately $1,280,261.84. The trade was a 25.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

CorVel Price Performance

CRVL stock opened at $105.07 on Friday. The business has a 50-day moving average price of $111.79 and a 200 day moving average price of $115.75. The company has a market capitalization of $5.40 billion, a P/E ratio of 61.81 and a beta of 1.02. CorVel Co. has a 1-year low of $79.81 and a 1-year high of $128.61.

CorVel (NASDAQ:CRVL) last released its quarterly earnings data on Thursday, May 22nd. The business services provider reported $0.51 earnings per share for the quarter. The firm had revenue of $231.51 million during the quarter. CorVel had a return on equity of 32.22% and a net margin of 10.12%.

Institutional Trading of CorVel

Institutional investors and hedge funds have recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in CorVel in the first quarter valued at about $25,000. LGT Financial Advisors LLC grew its stake in CorVel by 200.0% in the fourth quarter. LGT Financial Advisors LLC now owns 255 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 170 shares during the last quarter. von Borstel & Associates Inc. purchased a new position in CorVel in the first quarter valued at about $28,000. Bessemer Group Inc. grew its stake in CorVel by 6,350.0% in the fourth quarter. Bessemer Group Inc. now owns 258 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 254 shares during the last quarter. Finally, Jones Financial Companies Lllp purchased a new position in CorVel in the fourth quarter valued at about $37,000. 51.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded CorVel from a “hold” rating to a “buy” rating in a report on Friday, April 18th.

About CorVel

CorVel Corporation provides workers’ compensation, auto, liability, and health solutions. It applies technology, including artificial intelligence, machine learning, and natural language processing to enhance the managing of episodes of care and the related health care costs. The company also offers network solutions services, including automated medical fee auditing, preferred provider management and reimbursement, retrospective utilization review, facility claim review, professional review, pharmacy, directed care, clearinghouse, independent medical examination, and inpatient medical bill review services, as well as Medicare solutions.