Insider Chart Past 6 Months
Technical Chart
Filings by transaction date
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May 12, 2023 (filed on May 16, 2023)Insider Name:Combs Michael GOwnership Type:Direct OwnershipSecurities:Non-Qualified Stock Option (right to buy)Nature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:-6,000Price:$219.13
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May 12, 2023 (filed on May 16, 2023)Insider Name:Combs Michael GOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3# or value acquired/disposed of:-2,012Price:$219.13
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May 12, 2023 (filed on May 16, 2023)Insider Name:Combs Michael GOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3# or value acquired/disposed of:-1,923Price:$219.13
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May 12, 2023 (filed on May 16, 2023)Insider Name:Combs Michael GOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:6,000Price:$70.24
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May 11, 2023 (filed on May 15, 2023)Insider Name:Jessup R JuddOwnership Type:Direct OwnershipSecurities:Non-Qualified Stock Option (right to buy)Nature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:-3,000Price:$216.90
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May 11, 2023 (filed on May 15, 2023)Insider Name:Jessup R JuddOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3# or value acquired/disposed of:-480Price:$216.90
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May 11, 2023 (filed on May 15, 2023)Insider Name:Jessup R JuddOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:3,000Price:$34.77
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May 10, 2023 (filed on May 11, 2023)Insider Name:O'Brien BrandonOwnership Type:Direct OwnershipSecurities:Non-Qualified Stock Option (right to buy)Nature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:-1,500Price:$216.60
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May 10, 2023 (filed on May 11, 2023)Insider Name:O'Brien BrandonOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3# or value acquired/disposed of:-476Price:$216.60
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May 10, 2023 (filed on May 11, 2023)Insider Name:O'Brien BrandonOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3# or value acquired/disposed of:-539Price:$216.60
Filings by filing date
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May 12, 2023 (filed on May 16, 2023)Insider Name:Combs Michael GOwnership Type:Direct OwnershipSecurities:Non-Qualified Stock Option (right to buy)Nature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:-6,000Price:$219.13
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May 12, 2023 (filed on May 16, 2023)Insider Name:Combs Michael GOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3# or value acquired/disposed of:-2,012Price:$219.13
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May 12, 2023 (filed on May 16, 2023)Insider Name:Combs Michael GOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3# or value acquired/disposed of:-1,923Price:$219.13
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May 12, 2023 (filed on May 16, 2023)Insider Name:Combs Michael GOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:6,000Price:$70.24
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May 11, 2023 (filed on May 15, 2023)Insider Name:Jessup R JuddOwnership Type:Direct OwnershipSecurities:Non-Qualified Stock Option (right to buy)Nature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:-3,000Price:$216.90
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May 11, 2023 (filed on May 15, 2023)Insider Name:Jessup R JuddOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3# or value acquired/disposed of:-480Price:$216.90
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May 11, 2023 (filed on May 15, 2023)Insider Name:Jessup R JuddOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:3,000Price:$34.77
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May 10, 2023 (filed on May 11, 2023)Insider Name:O'Brien BrandonOwnership Type:Direct OwnershipSecurities:Non-Qualified Stock Option (right to buy)Nature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:-1,500Price:$216.60
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May 10, 2023 (filed on May 11, 2023)Insider Name:O'Brien BrandonOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3# or value acquired/disposed of:-476Price:$216.60
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May 10, 2023 (filed on May 11, 2023)Insider Name:O'Brien BrandonOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3# or value acquired/disposed of:-539Price:$216.60
News
Biz Brief
Sector: Healthcare | Industry: Healthcare Facilities & Services |
See Regulatory Filings on SEC |
Company Contact | |
Address: | SUITE 1020, 2010 MAIN STREE IRVINE CA 92614 |
Tel: | N/A |
Website: | https://www.corvel.com |
IR: | See website |
Key People | ||
V. Gordon Clemons Chairman of the Board | Michael G. Combs President, Chief Executive Officer | Brandon T. O'Brien Chief Financial Officer |
Maxim Shishin Chief Information Officer | Jennifer L. Yoss Vice President - Accounting | Richard J. Schweppe Secretary |
Business Overview |
CorVel Corporation is engaged in applying technology, including artificial intelligence, machine learning, and natural language processing designed to address the management of episodes of care and the related health-care costs. The Company's services include claims management, bill review, preferred provider networks, utilization management, case management, pharmacy services, directed care, and Medicare services. It partners with employers, third party administrators (TPAs), insurance companies, and government agencies to assist its customers in managing the medical costs of workers compensation, group health, and auto insurance and in monitoring the quality of care provided to claimants. Its network solutions services include professional nurse review, expert fee negotiations, specialty networks, preferred provider organization management, medical bill repricing, automated adjudication, and electronic reimbursement. Its bill review services include coding review and re-bundling. |
Financial Overview |
For the fiscal year ended 31 March 2023, CorVel Corporation revenues increased 11% to $718.6M. Net income remained flat at $66.4M. Revenues reflect Patient management Services segment increase of 13% to $478.8M, Network Solution Services segment increase of 8% to $239.8M. Net income reflects Stock-based Compensation in SGA decrease of 5% to $3M (expense). |
Employees: | 4,444 as of Mar 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $3,434M as of Mar 31, 2023 |
Annual revenue (TTM): | $718.56M as of Mar 31, 2023 |
EBITDA (TTM): | $109.67M as of Mar 31, 2023 |
Net annual income (TTM): | $66.37M as of Mar 31, 2023 |
Free cash flow (TTM): | $55.97M as of Mar 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 17,141,997 as of May 23, 2023 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |