In a recent transaction, Judd R. Jessup, a director of Corvel Corp (NASDAQ:CRVL), sold 2,500 shares of the company's common stock at a price of $311.6 per share, resulting in a total sale amount of $779,000. Following the sale, Jessup's ownership in Corvel Corp has been adjusted to 40,777 shares.
Corvel Corp, an organization specializing in insurance agents, brokers, and services, has seen this transaction take place on August 23, with the filing reported to the public on August 27. The sale by Jessup represents a notable change in his investment in the company, although the reasons for the sale have not been disclosed.
The transaction details indicate that the shares were sold directly by Jessup, and the sale was completed at a uniform price per share. Investors tracking insider activity may find this sale of interest as it reflects a decision by a member of the company's board to decrease his stake in the firm.
As with all insider transactions, this sale was reported in a Form 4 filing with the U.S. Securities and Exchange Commission, which provides transparency into the trading activities of a company's officers, directors, and beneficial owners.
Investors and market watchers often monitor such filings to gain insights into the sentiment insiders have towards their company's stock, although individual transactions can occur for a variety of reasons and may not necessarily signal a broader trend.
InvestingPro Insights
In the wake of the recent insider sale by Judd R. Jessup, investors in Corvel Corp (NASDAQ:CRVL) may benefit from additional context provided by InvestingPro metrics and tips. Corvel Corp's current market capitalization stands at $5.33 billion, reflecting the company's significant presence in the insurance services sector. This valuation comes with a high price-to-earnings (P/E) ratio of 68.56, indicating that the stock is trading at a premium relative to its earnings. A similar picture is painted by the adjusted P/E ratio for the last twelve months as of Q1 2025, which is marginally lower at 68.13.
The company's Price / Book ratio of 20.15 as of the same period suggests that investors are willing to pay a high price for each dollar of book value, which can be a sign of strong investor confidence or expectations of future growth. Additionally, Corvel has demonstrated solid revenue growth of 11.5% over the last twelve months as of Q1 2025.
Two InvestingPro Tips that may be particularly relevant for Corvel Corp investors are:
- Corvel is trading at a high earnings multiple, which could suggest that the market has high expectations for the company's future performance.
- The stock has been trading with low price volatility, which might appeal to investors looking for stability in their investments.
It's worth noting that Corvel Corp does not pay dividends to shareholders, which could influence the investment strategies of income-focused investors. For those interested in a deeper analysis, there are an additional 11 InvestingPro Tips available, providing a comprehensive understanding of Corvel Corp's financial health and market position.
As always, while insider transactions like Jessup's sale can provide valuable information, they represent individual decisions and should be considered as part of a broader investment strategy. For more nuanced insights, the full suite of InvestingPro Tips can be explored at: https://www.investing.com/pro/CRVL
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