Susan Garcia Sells 6,840 Shares of CS Disco (NYSE:LAW) Stock

CS Disco, Inc. (NYSE:LAW) insider Susan Garcia sold 6,840 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $4.18, for a total value of $28,591.20. Following the completion of the transaction, the insider directly owned 139,109 shares of the company’s stock, valued at $581,475.62. The trade was a 4.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

CS Disco Trading Down 1.1%

Shares of LAW stock opened at $4.32 on Friday. CS Disco, Inc. has a 12-month low of $2.45 and a 12-month high of $9.11. The business’s 50 day moving average is $3.94 and its two-hundred day moving average is $3.95. The company has a market capitalization of $280.45 million, a P/E ratio of -6.86 and a beta of 1.90.

CS Disco (NYSE:LAW) last announced its earnings results on Wednesday, August 5th. The company reported ($0.06) earnings per share for the quarter, hitting the consensus estimate of ($0.06). CS Disco had a negative return on equity of 26.58% and a negative net margin of 24.20%.The business had revenue of $43.15 million during the quarter, compared to the consensus estimate of $43.10 million.

Institutional Investors Weigh In On CS Disco

A number of hedge funds have recently modified their holdings of LAW. BlackRock Inc. purchased a new position in shares of CS Disco in the second quarter worth about $7,617,000. Topline Capital Management LLC raised its holdings in CS Disco by 66.2% in the 2nd quarter. Topline Capital Management LLC now owns 2,965,268 shares of the company’s stock valued at $12,958,000 after acquiring an additional 1,181,046 shares during the last quarter. Lakewood Capital Management LP purchased a new position in CS Disco in the 2nd quarter worth approximately $4,183,000. Formula Growth Ltd. purchased a new position in CS Disco in the 2nd quarter worth approximately $3,024,000. Finally, Norges Bank purchased a new stake in shares of CS Disco in the fourth quarter valued at approximately $4,252,000. 58.05% of the stock is currently owned by institutional investors and hedge funds.

More CS Disco News

Here are the key news stories impacting CS Disco this week:

• Positive Sentiment: DISCO enhanced its AI-powered Auto Review solution, enabling legal teams to iterate prompts more quickly and refine review instructions without specialized prompt-engineering expertise. The feature could improve customer adoption, workflow efficiency and the value proposition of DISCO’s legal technology platform. New DISCO Auto Review Capability Puts Legal Teams in Control of AI-Powered Review
• Neutral Sentiment: Recent institutional buying provides some support. Topline Capital Management increased its position substantially, while BlackRock, Lakewood Capital Management and Formula Growth established new positions. However, this information comes from recent filings rather than a new operating announcement, and institutional ownership does not guarantee near-term performance.
• Negative Sentiment: Four CS Disco executives sold shares totaling approximately $130,700 at an average price of $4.18, including sales by Susan Garcia, Richard Francis Crum, Melanie Antoon and Karen Herckis. Each filing stated that the shares were sold to cover tax withholding obligations tied to equity-award vesting, so the sales appear less concerning than discretionary insider selling. Nevertheless, the cluster of transactions can create short-term selling pressure and may temper investor confidence. CS Disco Insider Sells Stock

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Weiss Ratings raised shares of CS Disco from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 2nd. Wall Street Zen cut CS Disco from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $8.00.

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.