Insider Selling: CS Disco (NYSE:LAW) EVP Sells $19,979.56 in Stock

CS Disco, Inc. (NYSE:LAW) EVP Richard Francis Crum sold 6,508 shares of the company’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 $19,979.56. Following the completion of the transaction, the executive vice president owned 224,412 shares of the company’s stock, valued at $688,944.84. This represents a 2.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

CS Disco Stock Performance

LAW opened at $3.29 on Friday. CS Disco, Inc. has a one year low of $2.91 and a one year high of $9.11. The stock has a market capitalization of $205.29 million, a P/E ratio of -3.25 and a beta of 2.08. The business’s 50-day simple moving average is $6.35 and its 200-day simple moving average is $6.29.

Hedge Funds Weigh In On CS Disco

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV acquired a new position in CS Disco in the 4th quarter valued at $99,000. XTX Topco Ltd boosted its holdings in shares of CS Disco by 274.1% in the fourth quarter. XTX Topco Ltd now owns 42,616 shares of the company’s stock valued at $331,000 after acquiring an additional 31,223 shares in the last quarter. Zacks Investment Management increased its stake in shares of CS Disco by 35.7% during the fourth quarter. Zacks Investment Management now owns 84,286 shares of the company’s stock worth $654,000 after acquiring an additional 22,192 shares during the period. Polymer Capital Management US LLC purchased a new position in CS Disco during the fourth quarter worth about $187,000. Finally, Occudo Quantitative Strategies LP lifted its position in CS Disco by 29.7% in the fourth quarter. Occudo Quantitative Strategies LP now owns 23,029 shares of the company’s stock valued at $179,000 after purchasing an additional 5,271 shares during the period. 58.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.