Brandon O’brien sells 1,000 shares of CorVel Co. (NASDAQ:CRVL)

CorVel Co. (NASDAQ:CRVL – Get Your Free Report ) CFO Brandon O’brien sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $314.98, for a total transaction of $314,980.00. Following the transaction, the chief financial officer now directly owns 6,502 shares of the company’s stock, valued at $2,047,999.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Brandon O’brien also recently traded:

• On Friday, August 2nd, Brandon O’brien sold 500 shares of CorVel stock. The shares were sold at an average price of $300.08, for a total value of $150,040.00.

CorVel stocks up 2.2%

NASDAQ:CRVL opened at $314.57 on Friday. CorVel Co. has a 12-month low of $187.92 and a 12-month high of $321.46. The stock has a market cap of $5.40 billion, a P/E ratio of 71.49 and a beta of 1.08. The company’s fifty-day simple moving average is $281.87, and its 200-day simple moving average is $259.46.

CorVel (NASDAQ:CRVL – Get Your Free Report ) last announced its earnings results on Tuesday, July 30th. The business services provider reported $1.25 earnings per share for the quarter. CorVel had a net margin of 9.55% and a return on equity of 33.26%. The firm had revenue of $211.72 million for the quarter.

Institutional Trading of CorVel

Several large investors have recently bought and sold shares of the company. Janus Henderson Group PLC boosted its holdings in shares of CorVel by 997.8% in the first quarter. Janus Henderson Group PLC now owns 46,975 shares of the business services provider’s stock valued at $12,351,000 after purchasing an additional 42,696 shares during the period. Quadrature Capital Ltd bought a new stake in shares of CorVel during the fourth quarter valued at $887,000. SG Americas Securities LLC acquired a new stake in shares of CorVel in the 1st quarter worth approximately $896,000. Sei Investments Co. raised its stake in shares of CorVel by 65.8% in the first quarter. Sei Investments Co. now owns 21,003 shares of the business services provider’s stock worth $5,523,000 after purchasing an additional 8,338 shares during the last quarter. Finally, Assenagon Asset Management SA increased its position in CorVel by 41.8% in the second quarter. Assenagon Asset Management SA now owns 115,876 shares of the business services provider’s stock worth $29,464,000 after acquiring an additional 34,155 shares during the period. 51.36% of shares are owned by institutional investors.

The Wall Street analyst weighs in

Separately, StockNews.com upgraded CorVel from a “hold” rating to a “buy” rating in a research report on Friday.

Read our latest review of CorVel

About CorVel

(Get a free report)

CorVel Corporation provides workers compensation, auto, liability and health solutions. It applies technology including artificial intelligence, machine learning and natural language processing to improve the management of care episodes and healthcare costs. The company also offers network solution services including automated medical charge auditing, preferred provider management and reimbursement, retroactive utilization review, facility claims review, professional review, pharmacy, managed care, clearinghouse, medical screening independent and inpatient medical bill review services, as well as Medicare solutions.

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