Karen Herckis Sells 3,615 Shares of CS Disco, Inc. (NYSE:LAW) Stock

CS Disco, Inc. (NYSE:LAW) EVP Karen Herckis sold 3,615 shares of the 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 transaction, the executive vice president now owns 103,705 shares in the company, valued at approximately $560,007. This trade represents a 3.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

CS Disco Trading Up 2.3 %

Shares of CS Disco stock opened at $5.56 on Friday. CS Disco, Inc. has a 1 year low of $4.71 and a 1 year high of $8.80. The company’s fifty day simple moving average is $5.85 and its 200-day simple moving average is $5.85. The company has a market cap of $333.38 million, a price-to-earnings ratio of -9.27 and a beta of 2.07.

CS Disco (NYSE:LAW) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $36.27 million during the quarter, compared to analyst estimates of $36.33 million. During the same quarter in the prior year, the business earned ($0.02) earnings per share. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, research analysts forecast that CS Disco, Inc. will post -0.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CS Disco

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of CS Disco by 4.2% in the 1st quarter. Vanguard Group Inc. now owns 2,031,257 shares of the company’s stock worth $16,514,000 after acquiring an additional 82,549 shares during the period. ArrowMark Colorado Holdings LLC raised its stake in shares of CS Disco by 9.2% in the third quarter. ArrowMark Colorado Holdings LLC now owns 954,328 shares of the company’s stock valued at $5,611,000 after purchasing an additional 80,496 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in CS Disco by 34.4% in the second quarter. Dimensional Fund Advisors LP now owns 666,437 shares of the company’s stock worth $3,972,000 after purchasing an additional 170,496 shares during the period. State Street Corp boosted its stake in CS Disco by 0.4% during the third quarter. State Street Corp now owns 507,626 shares of the company’s stock worth $2,985,000 after buying an additional 1,995 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in CS Disco by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 218,990 shares of the company’s stock valued at $1,288,000 after buying an additional 7,551 shares during the period. 58.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Jefferies Financial Group upped their price objective 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. Needham & Company LLC restated a “buy” rating and set a $8.00 price target on shares of CS Disco in a report on Thursday, November 7th.

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.