CS Disco, Inc. (NYSE:LAW) CFO Sells $68,227.74 in Stock

CS Disco, Inc. (NYSE:LAW) CFO Michael Lafair sold 13,146 shares of CS Disco stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $5.19, for a total value of $68,227.74. Following the completion of the transaction, the chief financial officer now owns 865,793 shares in the company, valued at approximately $4,493,465.67. The trade was a 1.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

CS Disco Trading Up 4.8 %

NYSE LAW opened at $5.24 on Friday. CS Disco, Inc. has a 12 month low of $4.67 and a 12 month high of $8.57. The firm has a market capitalization of $313.92 million, a PE ratio of -8.73 and a beta of 2.06. The business’s 50-day moving average price is $5.13 and its two-hundred day moving average price is $5.53.

CS Disco (NYSE:LAW) last released its earnings results on Thursday, February 20th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The firm had revenue of $37.00 million for the quarter, compared to analyst estimates of $36.03 million. CS Disco had a negative net margin of 25.36% and a negative return on equity of 19.20%. As a group, analysts forecast that CS Disco, Inc. will post -0.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CS Disco

A number of hedge funds have recently bought and sold shares of LAW. Bleakley Financial Group LLC acquired a new stake in CS Disco during the 3rd quarter worth about $67,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of CS Disco during the 3rd quarter valued at about $158,000. Charles Schwab Investment Management Inc. grew its stake in CS Disco by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 218,990 shares of the company’s stock worth $1,288,000 after purchasing an additional 7,551 shares during the period. ArrowMark Colorado Holdings LLC increased its holdings in CS Disco by 9.2% in the third quarter. ArrowMark Colorado Holdings LLC now owns 954,328 shares of the company’s stock worth $5,611,000 after purchasing an additional 80,496 shares in the last quarter. Finally, State Street Corp lifted its stake in CS Disco by 0.4% in the third quarter. State Street Corp now owns 507,626 shares of the company’s stock valued at $2,985,000 after buying an additional 1,995 shares during the period. Institutional investors own 58.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on LAW shares. Needham & Company LLC reiterated a “buy” rating and set a $8.00 price objective on shares of CS Disco in a research report on Friday. Jefferies Financial Group reduced their target price on shares of CS Disco from $6.00 to $5.50 and set a “hold” rating on the stock in a report on Monday, January 6th.

About CS Disco

CS Disco, Inc provides cloud-native and artificial intelligence-powered legal solutions for legal hold, legal request, ediscovery, legal document review, and case management in the United States and internationally. It offers DISCO Request, a solution that automates response compliance for legal requests; and DISCO Ediscovery, a solution that automates the ediscovery process and saves legal departments from manual tasks associated with collecting, processing, enriching, searching, reviewing, analyzing, producing, and using enterprise data that is at issue in legal matters.