CS Disco, Inc. (NYSE:LAW) CFO Sells $19,147.17 in Stock

CS Disco, Inc. (NYSE:LAW) CFO Michael Lafair sold 3,747 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $5.11, for a total value of $19,147.17. Following the sale, the chief financial officer now owns 862,046 shares of the company’s stock, valued at approximately $4,405,055.06. The trade was a 0.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Michael Lafair also recently made the following trade(s):

• On Tuesday, February 18th, Michael Lafair sold 13,146 shares of CS Disco stock. The stock was sold at an average price of $5.19, for a total value of $68,227.74.

CS Disco Stock Down 2.2 %

Shares of CS Disco stock opened at $4.81 on Friday. CS Disco, Inc. has a 12 month low of $4.67 and a 12 month high of $8.57. The business has a fifty day simple moving average of $5.07 and a 200 day simple moving average of $5.52. The stock has a market cap of $290.44 million, a PE ratio of -5.23 and a beta of 2.06.

CS Disco (NYSE:LAW) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). CS Disco had a negative return on equity of 22.30% and a negative net margin of 38.51%. The company had revenue of $37.00 million for the quarter, compared to analyst estimates of $36.03 million. Analysts expect that CS Disco, Inc. will post -0.64 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Topline Capital Management LLC acquired a new position in CS Disco in the fourth quarter valued at about $9,530,000. Franklin Resources Inc. grew its stake in CS Disco by 2.0% in the third quarter. Franklin Resources Inc. now owns 1,790,930 shares of the company’s stock valued at $10,710,000 after acquiring an additional 34,351 shares during the period. Norges Bank acquired a new position in CS Disco in the fourth quarter valued at about $8,854,000. ArrowMark Colorado Holdings LLC grew its stake in 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 during the period. Finally, Formula Growth Ltd. grew its stake in CS Disco by 23.0% in the fourth quarter. Formula Growth Ltd. now owns 750,000 shares of the company’s stock valued at $3,742,000 after acquiring an additional 140,000 shares during the period. 58.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on LAW. Jefferies Financial Group dropped their target price on CS Disco from $6.00 to $5.50 and set a “hold” rating for the company in a research report on Monday, January 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $8.00 price objective on shares of CS Disco in a research note on Friday, February 21st.

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.