Insider Selling: CS Disco, Inc. (NYSE:LAW) EVP Sells 3,615 Shares of Stock

CS Disco, Inc. (NYSE:LAW) EVP Karen Herckis sold 3,615 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 $19,521.00. Following the completion of the sale, the executive vice president now owns 103,705 shares in the company, valued at approximately $560,007. This represents a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

CS Disco Trading Up 2.3 %

NYSE:LAW opened at $5.56 on Friday. The stock has a market capitalization of $333.38 million, a P/E ratio of -9.27 and a beta of 2.07. CS Disco, Inc. has a 1 year low of $4.71 and a 1 year high of $8.80. The firm has a 50 day moving average of $5.85 and a 200-day moving average of $5.85.

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

Analyst Ratings Changes

LAW has been the topic of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $8.00 price target on shares of CS Disco in a research report on Thursday, November 7th. Jefferies Financial Group upped their target price on shares of CS Disco from $5.50 to $6.00 and gave the stock a “hold” rating in a report on Tuesday, October 29th.

Institutional Investors Weigh In On CS Disco

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC lifted its position in shares of CS Disco by 291.1% during the third quarter. Barclays PLC now owns 40,919 shares of the company’s stock worth $241,000 after purchasing an additional 30,456 shares in the last quarter. M&T Bank Corp raised its position in CS Disco by 19.1% in the 3rd quarter. M&T Bank Corp now owns 102,898 shares of the company’s stock worth $606,000 after purchasing an additional 16,535 shares during the last quarter. Jane Street Group LLC lifted its holdings in CS Disco by 44.2% during the 3rd quarter. Jane Street Group LLC now owns 45,339 shares of the company’s stock worth $267,000 after buying an additional 13,894 shares in the last quarter. State Street Corp boosted 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 valued at $2,985,000 after buying an additional 1,995 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC increased its stake 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 buying an additional 80,496 shares during the period. Institutional investors and hedge funds own 58.05% of the company’s stock.

CS Disco Company Profile

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.