CS Disco, Inc. (NYSE:LAW) CFO Michael Lafair Sells 12,042 Shares

CS Disco, Inc. (NYSE:LAW) CFO Michael Lafair sold 12,042 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $5.40, for a total value of $65,026.80. Following the sale, the chief financial officer now directly owns 781,060 shares in the company, valued at approximately $4,217,724. This represents a 1.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

CS Disco Stock Performance

Shares of CS Disco stock opened at $5.79 on Friday. The business has a fifty day simple moving average of $5.86 and a 200-day simple moving average of $5.83. CS Disco, Inc. has a fifty-two week low of $4.71 and a fifty-two week high of $8.80.

CS Disco (NYSE:LAW) last released its earnings results on Wednesday, November 6th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). The business had revenue of $36.27 million during the quarter, compared to the consensus estimate of $36.33 million. CS Disco had a negative return on equity of 19.20% and a negative net margin of 25.36%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.02) earnings per share. Sell-side analysts forecast that CS Disco, Inc. will post -0.69 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Jefferies Financial Group raised their target price on CS Disco from $5.50 to $6.00 and gave the company a “hold” rating in a research note on Tuesday, October 29th. Needham & Company LLC restated a “buy” rating and set a $8.00 price objective on shares of CS Disco in a research note on Thursday, November 7th.

Institutional Investors Weigh In On CS Disco

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in CS Disco by 4.2% in the 1st quarter. Vanguard Group Inc. now owns 2,031,257 shares of the company’s stock worth $16,514,000 after purchasing an additional 82,549 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its position in shares of CS Disco by 9.2% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 954,328 shares of the company’s stock valued at $5,611,000 after acquiring an additional 80,496 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of CS Disco by 34.4% during the second quarter. Dimensional Fund Advisors LP now owns 666,437 shares of the company’s stock valued at $3,972,000 after buying an additional 170,496 shares in the last quarter. State Street Corp increased its position in CS Disco by 0.4% in the 3rd quarter. State Street Corp now owns 507,626 shares of the company’s stock worth $2,985,000 after purchasing an additional 1,995 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of CS Disco by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 218,990 shares of the company’s stock valued at $1,288,000 after purchasing an additional 7,551 shares in the last quarter. 58.05% of the stock is owned by institutional investors and hedge funds.

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.