Corvel EVP Mark Bertels sells $89.9k in company stock

In a recent transaction, Mark E. Bertels, the Executive Vice President of Risk Management Services at Corvel Corp (NASDAQ:CRVL), sold shares of the company’s common stock. The sale took place on August 12, 2024, with Bertels disposing of 300 shares at an average price of approximately $299.80 per share, totaling around $89,941.

Additionally, on the same day, Bertels acquired 300 shares of Corvel Corp’s common stock at a price of $88.22 per share, amounting to a total of $26,466. This transaction was separate from the sale and is part of the company’s non-derivative securities transactions.

These transactions were publicly reported in a Form 4 document filed with the Securities and Exchange Commission (SEC), which provides details of insider trades. After the reported sales, Bertels’ direct ownership in Corvel Corp stands at 858 shares of common stock.

It’s important to note that insider transactions can vary in their motivations and should not necessarily be taken as a definitive indicator of a company’s future performance. Shareholders and potential investors often monitor such transactions as part of their due diligence process.

The filing also included a footnote regarding derivative transactions, specifically related to non-qualified stock options. According to the footnote, these options are exercisable as to 25% of the shares one year following the grant date, with the remaining shares becoming exercisable in 36 equal monthly installments thereafter.

Corvel Corp, headquartered in Irvine, California, operates in the insurance industry, providing risk management services. The company’s stock trades on the NASDAQ under the ticker symbol CRVL.

InvestingPro Insights

As Corvel Corp (NASDAQ:CRVL) continues to navigate the stock market, its financial metrics and insider trading activities are closely watched by investors. According to recent data, Corvel Corp has a market capitalization of $5.21 billion, reflecting its significant presence in the risk management services sector. The company’s stock is trading at a high P/E ratio of 66.32, suggesting that investors are currently paying a premium for its earnings. This is further emphasized by the adjusted P/E ratio for the last twelve months as of Q1 2025, which stands at 65.86.

InvestingPro Tips reveal that Corvel Corp is trading at a high price-to-book multiple of 19.47 as of the same period, indicating that the market values the company’s assets at nearly twenty times their accounting value. Additionally, the company has seen a robust revenue growth of 11.5% over the last twelve months as of Q1 2025, demonstrating its ability to increase sales and potentially its market share.

For investors looking to delve deeper into Corvel’s performance and valuation, InvestingPro offers a range of tips, including insights on the company’s moderate level of debt and its strong return over the last month, which stands at 14.44%. Furthermore, the platform provides a fair value estimate of $193.37 for Corvel Corp, offering a data-driven perspective on what the stock might be worth.

With 13 additional InvestingPro Tips available for Corvel Corp, including details on its trading near 52-week high and its lack of dividend payments to shareholders, investors have access to a comprehensive set of data to inform their investment decisions. These insights can be particularly valuable in the context of recent insider transactions, offering a broader view of the company’s financial health and future prospects.

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