CS Disco, Inc. (NYSE:LAW) EVP Sells $19,521.00 in Stock

CS Disco, Inc. (NYSE:LAW) EVP Karen Herckis sold 3,615 shares of CS Disco stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $5.40, for a total value of $19,521.00. Following the completion of the transaction, the executive vice president now directly owns 103,705 shares of the company’s stock, valued at approximately $560,007. This represents a 3.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

CS Disco Price Performance

Shares of NYSE:LAW opened at $5.79 on Friday. The business has a 50-day simple moving average of $5.86 and a two-hundred day simple moving average of $5.83. CS Disco, Inc. has a fifty-two week low of $4.71 and a fifty-two week high of $8.80.

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 analysts’ consensus estimates of ($0.09) by ($0.06). The company had revenue of $36.27 million for the quarter, compared to the consensus estimate of $36.33 million. CS Disco had a negative net margin of 25.36% and a negative return on equity of 19.20%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.02) EPS. Research analysts expect that CS Disco, Inc. will post -0.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Jefferies Financial Group lifted their target price 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 issued a $8.00 price objective on shares of CS Disco in a report on Thursday, November 7th.

Institutional Trading of CS Disco

A number of hedge funds have recently bought and sold shares of LAW. Barclays PLC grew its position in CS Disco by 291.1% during the third quarter. Barclays PLC now owns 40,919 shares of the company’s stock valued at $241,000 after buying an additional 30,456 shares during the period. M&T Bank Corp increased its stake in CS Disco by 19.1% in the 3rd quarter. M&T Bank Corp now owns 102,898 shares of the company’s stock worth $606,000 after buying an additional 16,535 shares in the last quarter. Jane Street Group LLC raised its holdings in CS Disco by 44.2% during the third quarter. Jane Street Group LLC now owns 45,339 shares of the company’s stock valued at $267,000 after acquiring an additional 13,894 shares during the period. State Street Corp lifted its position in shares of CS Disco by 0.4% in the third quarter. State Street Corp now owns 507,626 shares of the company’s stock valued at $2,985,000 after acquiring an additional 1,995 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC lifted its position 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 acquiring an additional 80,496 shares in the last quarter. Hedge funds and other institutional investors own 58.05% of the company’s stock.

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.