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

CorVel Corp. (NASDAQ:CRVL) VP Jennifer Yoss sold 2,100 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $70.92, for a total transaction of $148,932.00. Following the completion of the sale, the vice president directly owned 2,173 shares of the company’s stock, valued at approximately $154,109.16. This trade represents a 49.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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 Performance

Shares of CRVL stock traded up $0.78 during mid-day trading on Monday, hitting $70.92. 69,778 shares of the stock were exchanged, compared to its average volume of 221,243. The stock’s fifty day simple moving average is $62.28 and its two-hundred day simple moving average is $57.56. CorVel Corp. has a 12-month low of $44.83 and a 12-month high of $93.45. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 31.54 and a beta of 0.98.

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

Hedge Funds Weigh In On CorVel

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of CorVel in the 3rd quarter valued at approximately $31,000. Los Angeles Capital Management LLC purchased a new position in CorVel in the fourth quarter worth $33,000. Quarry LP lifted its holdings in CorVel by 218.6% in the third quarter. Quarry LP now owns 513 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 352 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in CorVel by 66.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 574 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 230 shares during the period. Finally, Torren Management LLC purchased a new stake in shares of CorVel during the 4th quarter worth $46,000. Institutional investors and hedge funds own 51.36% of the company’s stock.

Analysts Set New Price Targets

CRVL has been the subject of several research analyst reports. Weiss Ratings raised CorVel from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 16th. Wall Street Zen upgraded shares of CorVel from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

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).