CS Disco, Inc. (NYSE:LAW) CFO Sells $65,026.80 in Stock

CS Disco, Inc. (NYSE:LAW) CFO Michael Lafair sold 12,042 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $5.40, for a total transaction of $65,026.80. Following the sale, the chief financial officer now directly owns 781,060 shares in the company, valued at approximately $4,217,724. The trade was a 1.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

CS Disco Trading Up 4.3 %

LAW stock opened at $5.79 on Friday. CS Disco, Inc. has a 12 month low of $4.71 and a 12 month high of $8.80. The company’s 50 day simple moving average is $5.86 and its 200-day simple moving average is $5.83.

CS Disco (NYSE:LAW) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.15) earnings per share 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 for the quarter, compared to analysts’ expectations of $36.33 million. During the same period in the previous year, the business posted ($0.02) EPS. The business’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, analysts predict that CS Disco, Inc. will post -0.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Barclays PLC lifted its position in CS Disco by 291.1% during the 3rd quarter. Barclays PLC now owns 40,919 shares of the company’s stock worth $241,000 after acquiring an additional 30,456 shares in the last quarter. M&T Bank Corp boosted its holdings in CS Disco by 19.1% in the third quarter. M&T Bank Corp now owns 102,898 shares of the company’s stock valued at $606,000 after purchasing an additional 16,535 shares during the last quarter. Jane Street Group LLC grew its stake in CS Disco by 44.2% during the 3rd quarter. Jane Street Group LLC now owns 45,339 shares of the company’s stock valued at $267,000 after purchasing an additional 13,894 shares in the last quarter. State Street Corp raised its position in shares of 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 purchasing an additional 1,995 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC boosted its stake in shares of CS Disco by 9.2% during 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 last quarter. Hedge funds and other institutional investors own 58.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Jefferies Financial Group upped their target price on shares of CS Disco from $5.50 to $6.00 and gave the company a “hold” rating in a report on Tuesday, October 29th. Needham & Company LLC reissued a “buy” rating and issued 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.