Corvel Corp (NASDAQ:CRVL) director Judd Jessup recently sold shares in the company, according to the latest SEC filings. Jessup offloaded a total of 2,131 shares at a price of $295.21 each, netting a total of $629,092 from the sale.
This transaction took place on August 8, 2024, and was reported in a Form 4 filing with the Securities and Exchange Commission on August 14. Following the sale, Jessup continues to hold 43,277 shares of Corvel Corp, indicating ongoing investment in the company's future.
Corvel Corp, with a business focus on insurance agents, brokers, and services, operates under the ticker CRVL on the NASDAQ. The sale by a director could be of interest to current and potential investors, as insider transactions are often closely monitored for indications of a company's internal perspective.
Investors may keep an eye on further filings and disclosures from the company's directors and officers to gauge their confidence in Corvel Corp's financial outlook and strategic direction.
InvestingPro Insights
As Corvel Corp (NASDAQ:CRVL) director Judd Jessup sells a notable amount of shares, investors are keenly observing the company's valuation metrics to understand the potential implications of this insider transaction. According to InvestingPro, Corvel is currently trading at a high earnings multiple, with a P/E ratio of 67.54, which is just slightly lower than the adjusted P/E ratio for the last twelve months as of Q1 2025, standing at 67.1. This high P/E ratio, especially relative to near-term earnings growth, suggests that the stock is priced optimistically in terms of its earnings.
InvestingPro Data further reveals that Corvel has been profitable over the last twelve months, with a reported revenue of $816.78 million and a revenue growth of 11.5% during this period. The company's Price / Book ratio, as of the same timeframe, is 19.84, which may indicate that the market is assigning a high value to the company's net assets. Additionally, Corvel has demonstrated strong returns, with a one-month price total return of 14.44% and a one-year price total return of 38.89%.
With these metrics in mind, Corvel's operational performance and market valuation provide a complex picture for investors. The company's moderate level of debt and significant returns over various periods are positive signs, but the high valuation multiples call for careful analysis of its growth prospects and future earnings potential.
For those seeking deeper insights, InvestingPro offers additional tips on Corvel Corp, including an analysis of the company's fair value and future earnings projections. There are 12 more InvestingPro Tips available for investors who want to explore Corvel's financial health and investment potential further.
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