CS Disco, Inc. (NYSE:LAW) CFO Michael Lafair Sells 12,042 Shares

CS Disco, Inc. (NYSE:LAW) CFO Michael Lafair sold 12,042 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $5.40, for a total transaction of $65,026.80. Following the completion of the transaction, the chief financial officer now owns 781,060 shares in the company, valued at $4,217,724. The trade was a 1.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

CS Disco Stock Performance

Shares of LAW traded down $0.01 during mid-day trading on Wednesday, hitting $5.43. 75,433 shares of the company’s stock were exchanged, compared to its average volume of 213,118. The company has a market cap of $325.31 million, a price-to-earnings ratio of -9.07 and a beta of 2.07. CS Disco, Inc. has a fifty-two week low of $4.71 and a fifty-two week high of $8.80. The stock’s 50-day moving average is $5.85 and its 200-day moving average is $5.85.

CS Disco (NYSE:LAW) last issued its quarterly earnings data 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). The company had revenue of $36.27 million for the quarter, compared to analysts’ expectations of $36.33 million. CS Disco had a negative return on equity of 19.20% and a negative net margin of 25.36%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.02) EPS. As a group, equities research analysts anticipate that CS Disco, Inc. will post -0.69 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on LAW shares. Needham & Company LLC reissued a “buy” rating and set a $8.00 price objective on shares of CS Disco in a research note on Thursday, November 7th. Jefferies Financial Group increased their price objective on shares of CS Disco from $5.50 to $6.00 and gave the stock a “hold” rating in a research note on Tuesday, October 29th.

Institutional Trading of CS Disco

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of CS Disco by 4.2% during the 1st quarter. Vanguard Group Inc. now owns 2,031,257 shares of the company’s stock worth $16,514,000 after purchasing an additional 82,549 shares during the period. ArrowMark Colorado Holdings LLC grew 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 worth $5,611,000 after purchasing an additional 80,496 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of CS Disco by 34.4% during the 2nd 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 grew its stake in shares of CS Disco by 0.4% during the 3rd quarter. State Street Corp now owns 507,626 shares of the company’s stock worth $2,985,000 after purchasing an additional 1,995 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake 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 acquiring an additional 7,551 shares during the last quarter. Hedge funds and other institutional investors own 58.05% of the company’s stock.

About CS Disco

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.