CS Disco, Inc. (NYSE:LAW) CFO Michael Lafair Sells 13,146 Shares

CS Disco, Inc. (NYSE:LAW) CFO Michael Lafair sold 13,146 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $5.19, for a total transaction of $68,227.74. Following the completion of the sale, the chief financial officer now directly owns 865,793 shares in the company, valued at $4,493,465.67. This represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

CS Disco Stock Performance

Shares of LAW stock opened at $5.01 on Friday. CS Disco, Inc. has a one year low of $4.67 and a one year high of $8.57. The company’s 50-day moving average is $5.14 and its 200 day moving average is $5.53. The company has a market capitalization of $299.85 million, a price-to-earnings ratio of -8.34 and a beta of 2.06.

CS Disco (NYSE:LAW) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.05). CS Disco had a negative net margin of 25.36% and a negative return on equity of 19.20%. As a group, research analysts predict that CS Disco, Inc. will post -0.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. 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 research report on Monday, January 6th. Needham & Company LLC reissued a “buy” rating and set a $8.00 price objective on shares of CS Disco in a research report on Monday, December 9th.

Institutional Trading of CS Disco

Institutional investors have recently made changes to their positions in the stock. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of CS Disco during the 4th quarter valued at about $43,000. R Squared Ltd purchased a new stake in shares of CS Disco during the 4th quarter valued at about $47,000. Virtu Financial LLC purchased a new stake in shares of CS Disco during the 4th quarter valued at about $54,000. Meeder Asset Management Inc. boosted its holdings in shares of CS Disco by 50.7% during the 4th quarter. Meeder Asset Management Inc. now owns 10,847 shares of the company’s stock valued at $54,000 after acquiring an additional 3,650 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new stake in shares of CS Disco during the 4th quarter valued at about $55,000. Hedge funds and other institutional investors own 58.05% of the company’s stock.

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.