Insider Selling: CS Disco (NYSE:LAW) Insider Sells 3,743 Shares of Stock

CS Disco, Inc. (NYSE:LAW) insider Susan Garcia sold 3,743 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $3.07, for a total transaction of $11,491.01. Following the completion of the transaction, the insider owned 74,237 shares in the company, valued at $227,907.59. This represents a 4.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

CS Disco Stock Performance

LAW traded up $0.28 during trading on Thursday, reaching $3.37. 563,747 shares of the company’s stock were exchanged, compared to its average volume of 328,668. The company’s fifty day moving average price is $6.57 and its 200-day moving average price is $6.30. CS Disco, Inc. has a fifty-two week low of $2.91 and a fifty-two week high of $9.11. The firm has a market capitalization of $210.59 million, a PE ratio of -3.34 and a beta of 2.08.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC increased its holdings in shares of CS Disco by 73.5% in the third quarter. CWM LLC now owns 4,804 shares of the company’s stock worth $31,000 after acquiring an additional 2,035 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of CS Disco by 87.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,968 shares of the company’s stock valued at $44,000 after purchasing an additional 4,639 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of CS Disco in the 2nd quarter valued at approximately $51,000. Pilgrim Partners Asia Pte Ltd bought a new stake in CS Disco during the 3rd quarter worth approximately $62,000. Finally, Algert Global LLC bought a new stake in CS Disco during the 3rd quarter worth approximately $70,000. 58.05% of the stock is owned by institutional investors and hedge funds.

About CS Disco

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.