Insider Selling: CorVel (NASDAQ:CRVL) Insider Sells $129,600.00 in Stock

CorVel Corp. (NASDAQ:CRVL) insider Maxim Shishin sold 2,400 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $54.00, for a total transaction of $129,600.00. Following the completion of the sale, the insider owned 7,050 shares in the company, valued at approximately $380,700. The trade was a 25.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

CorVel Price Performance

CRVL stock opened at $53.65 on Friday. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 26.30 and a beta of 1.10. The company has a 50 day simple moving average of $57.10 and a 200 day simple moving average of $68.59. CorVel Corp. has a 1 year low of $44.83 and a 1 year high of $119.57.

CorVel (NASDAQ:CRVL) last issued its earnings results on Tuesday, February 3rd. The business services provider reported $0.47 earnings per share for the quarter. The firm had revenue of $235.63 million for the quarter. CorVel had a net margin of 11.23% and a return on equity of 30.15%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of CorVel in a report on Friday, January 9th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, CorVel has a consensus rating of “Hold”.

Institutional Investors Weigh In On CorVel

Several hedge funds have recently added to or reduced their stakes in the business. Federated Hermes Inc. grew its holdings in CorVel by 147.4% during the 3rd quarter. Federated Hermes Inc. now owns 381 shares of the business services provider’s stock worth $29,000 after acquiring an additional 227 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of CorVel during the third quarter worth $31,000. Los Angeles Capital Management LLC bought a new stake in shares of CorVel in the fourth quarter worth $33,000. Hantz Financial Services Inc. grew its stake in shares of CorVel by 61.3% in the third quarter. Hantz Financial Services Inc. now owns 500 shares of the business services provider’s stock worth $39,000 after purchasing an additional 190 shares during the last quarter. Finally, Quarry LP increased 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 purchasing an additional 352 shares during the period. 51.36% of the stock is currently owned by institutional investors and hedge funds.

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).