The combination of a 10% owner and a director selling a material percentage of market cap without plan disclosure is a bearish signal. Monitor for any subsequent 8-K or earnings release that may explain the selling — if no news emerges within 10 trading days, the selling may reflect a strategic view on valuation rather than imminent bad news.
Price Chart
Executive Summary
Two CorVel insiders sold a combined $3.85M in open-market transactions over a one-week window. Director Judd sold $282K and 10% owner Corstar Holdings sold $3.56M, representing ~1.2% of the company's $326M market cap. This is a material cluster of open-market selling with no indication of 10b5-1 plans, signaling potential bearish sentiment from informed holders.
Key Financial Metrics
Key Facts
- Total insider selling of $3.85M over Aug 27–Sep 3 window
- 10% owner Corstar Holdings sold 51.7K shares for $3.56M at $68.91
- Director R. Judd Jessup sold 4.0K shares for $282K at $70.07
- Sales represent ~1.2% of CorVel's $326M market cap
- No 10b5-1 trading plan indicated for either seller
Financial Impact
$3.85M in open-market selling, ~1.2% of market cap
Risk Factors
- Insider selling may be for personal diversification or tax planning, not informational
- Corstar Holdings' sale could be part of a pre-arranged plan not disclosed in Form 4 footnotes
- Stock has historically shown positive drift after neutral reports, suggesting selling may not be predictive
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CRVL-1788908923213 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 8, 2026 7w ago | Insider Cluster | $66.44 | awaiting T+60 | — | $82.67 (−24.43%) |
Aug 28, 2026 8w ago | Insider Cluster | $69.24 | awaiting T+60 | — | $82.67 (+19.40%) |
Aug 5, 2026 11w ago | Press Release | $62.57 | awaiting T+60 | — | $82.67 (+32.12%) |
Jun 26, 2026 17w ago | DEFA14A | $61.65 | awaiting T+60 | — | $82.67 (+34.10%) |
Jun 15, 2026 19w ago | Insider Cluster | $59.69 | awaiting T+60 | — | $82.67 (+38.50%) |
Jun 11, 2026 19w ago | Insider Cluster | $60.34 | awaiting T+60 | — | $82.67 (+37.01%) |
Jun 11, 2026 19w ago | Insider Cluster | $60.34 | awaiting T+60 | — | $82.67 (+37.01%) |
Jun 10, 2026 19w ago | Insider Cluster | $60.79 | awaiting T+60 | — | $82.67 (+35.99%) |
Jun 2, 2026 21w ago | Press Release | $57.61 $70.36 | ▲ +22.13% | ▲ +21.01% | $82.67 (+43.50%) |
Jun 1, 2026 21w ago | 8-K | $57.61 $70.36 | ▲ +22.13% | ▲ +21.01% | $82.67 (+43.50%) |
US Market Status
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