Jennifer Yoss Sells 1,999 Shares of CorVel (NASDAQ:CRVL) Stock

CorVel Corp. (NASDAQ:CRVL) VP Jennifer Yoss sold 1,999 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $61.02, for a total transaction of $121,978.98. Following the completion of the transaction, the vice president directly owned 2,173 shares in the company, valued at $132,596.46. This trade represents a 47.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

CorVel Trading Up 3.8%

NASDAQ CRVL opened at $61.64 on Friday. CorVel Corp. has a 1-year low of $44.83 and a 1-year high of $113.64. The company has a market capitalization of $3.12 billion, a PE ratio of 28.80 and a beta of 0.98. The firm’s fifty day simple moving average is $56.58 and its 200-day simple moving average is $61.25.

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

Institutional Investors Weigh In On CorVel

Hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in CorVel by 15.6% in the 3rd quarter. Principal Financial Group Inc. now owns 162,111 shares of the business services provider’s stock valued at $12,551,000 after acquiring an additional 21,827 shares in the last quarter. Argent Capital Management LLC bought a new stake in CorVel during the 4th quarter worth about $1,800,000. Thrivent Financial for Lutherans lifted its position in CorVel by 14.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 458,326 shares of the business services provider’s stock worth $35,484,000 after buying an additional 58,323 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its position in CorVel by 665.2% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 26,383 shares of the business services provider’s stock worth $2,043,000 after buying an additional 22,935 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position 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 in the last quarter. 51.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of CorVel from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 6th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, CorVel has a consensus rating of “Sell”.

CorVel Company Profile

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).