CS Disco (NYSE:LAW) EVP Sells $28,517.23 in Stock

CS Disco, Inc. (NYSE:LAW) EVP Melanie Antoon sold 9,289 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $3.07, for a total transaction of $28,517.23. Following the sale, the executive vice president owned 203,421 shares of the company’s stock, valued at approximately $624,502.47. This represents a 4.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

CS Disco Stock Performance

Shares of LAW stock traded up $0.28 on Thursday, reaching $3.37. The stock had a trading volume of 563,747 shares, compared to its average volume of 328,668. CS Disco, Inc. has a 1 year low of $2.91 and a 1 year high of $9.11. The stock has a market cap of $210.59 million, a P/E ratio of -3.34 and a beta of 2.08. The company has a 50 day simple moving average of $6.57 and a 200 day simple moving average of $6.30.

Institutional Investors Weigh In On CS Disco

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Topline Capital Management LLC boosted its position in shares of CS Disco by 8.1% in the third quarter. Topline Capital Management LLC now owns 3,206,003 shares of the company’s stock worth $20,711,000 after purchasing an additional 240,735 shares during the period. Vanguard Group Inc. boosted its holdings in CS Disco by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,959,087 shares of the company’s stock worth $12,656,000 after buying an additional 33,672 shares during the period. Formula Growth Ltd. boosted its holdings in CS Disco by 3.8% in the 2nd quarter. Formula Growth Ltd. now owns 830,000 shares of the company’s stock worth $3,627,000 after buying an additional 30,000 shares during the period. Dimensional Fund Advisors LP increased its stake in CS Disco by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 757,994 shares of the company’s stock worth $5,882,000 after buying an additional 26,608 shares in the last quarter. Finally, Norges Bank bought a new stake in CS Disco during the second quarter valued at about $2,863,000. Institutional investors own 58.05% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on LAW shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CS Disco in a research report on Wednesday, January 21st. Jefferies Financial Group boosted their target price on shares of CS Disco from $6.00 to $8.00 and gave the company a “hold” rating in a research report on Monday, January 5th. Wall Street Zen upgraded shares of CS Disco from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Needham & Company LLC boosted their price objective on shares of CS Disco from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $9.00.

CS Disco Company Profile

CS Disco, Inc is a provider of cloud-native, artificial intelligence-driven legal applications designed to streamline e-discovery, document review and compliance processes for law firms and corporate legal departments. The Austin, Texas–based company offers a unified platform that automates labor-intensive tasks using machine learning and predictive analytics, enabling legal professionals to process, search and review large volumes of data with greater speed and accuracy.

At the core of CS Disco’s product suite is its flagship e-discovery application, which supports early case assessment, data processing, review analytics and production workflows.