CorVel Corp CFO Brandon O'Brien Sells Company Shares
Brandon O'Brien, the Chief Financial Officer of CorVel Corp (NASDAQ:CRVL), has sold 813 shares of the company on February 21, 2024, according to a recent SEC filing. The transaction was executed at a price of $260 per share, resulting in a total sale amount of $211,380.
CorVel Corp is a provider of workers' compensation solutions, including claims management, health information management, and managed care services. The company aims to improve the quality of healthcare and reduce costs through a combination of innovative technology, comprehensive clinical solutions, and tailored services.
Over the past year, the insider has sold a total of 3,149 shares of CorVel Corp and has not made any purchases of the stock. The insider transaction history at CorVel Corp over the past year indicates a total of 35 insider sells and no insider buys.
On the date of the insider's recent sale, CorVel Corp's shares were trading at $260, giving the company a market capitalization of $4.293 billion. The price-earnings ratio of the stock stands at 58.11, which is above both the industry median of 12.05 and the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 1.23, with a GF Value of $211.67, suggesting that CorVel Corp is modestly overvalued according to GuruFocus's valuation model. The GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
