Gordon Clemons, Chairman of the Board at CorVel Corp (NASDAQ:CRVL), recently sold 800 shares of the company's common stock. The shares were sold at a price of $362.00 each, amounting to a total transaction value of $289,600. This transaction was conducted on November 19, 2024, as part of the holdings managed by the Marie Eve Clemons Living Trust. Following this sale, Clemons retains direct ownership of 834,492 shares, while 260,784 shares are held indirectly through the spouse's living trust.
InvestingPro Insights
As Gordon Clemons, Chairman of the Board at CorVel Corp (NASDAQ:CRVL), reduces his stake in the company, investors might want to consider some key financial metrics and insights provided by InvestingPro.
CorVel's stock has shown remarkable performance, with InvestingPro data indicating a 69.3% price total return over the past year and a 30.27% return in the last six months. This strong performance aligns with an InvestingPro Tip highlighting CorVel's high return over the last year.
The company's current market capitalization stands at $6.17 billion, reflecting its significant presence in the industry. CorVel's P/E ratio of 75.41 suggests that the stock is trading at a premium compared to its earnings, which is consistent with another InvestingPro Tip noting that the company is trading at a high earnings multiple.
While Clemons' sale might raise questions, it's worth noting that CorVel has been profitable over the last twelve months, as pointed out by an InvestingPro Tip. The company's revenue for the last twelve months reached $845.64 million, with a 12.66% growth rate, indicating a solid financial foundation.
For investors seeking a more comprehensive analysis, InvestingPro offers 13 additional tips for CorVel Corp, providing a deeper understanding of the company's financial health and market position.
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