Michael Lafair Sells 13,146 Shares of CS Disco, Inc. (NYSE:LAW) Stock

CS Disco, Inc. (NYSE:LAW) CFO Michael Lafair sold 13,146 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $5.19, for a total transaction of $68,227.74. Following the sale, the chief financial officer now owns 865,793 shares of the company’s stock, valued at $4,493,465.67. This represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CS Disco Trading Down 3.0 %

Shares of NYSE LAW opened at $5.01 on Friday. CS Disco, Inc. has a 12 month low of $4.67 and a 12 month high of $8.57. The firm has a market capitalization of $299.85 million, a PE ratio of -8.34 and a beta of 2.06. The firm has a fifty day simple moving average of $5.14 and a two-hundred day simple moving average of $5.53.

CS Disco (NYSE:LAW) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.05). CS Disco had a negative return on equity of 19.20% and a negative net margin of 25.36%. On average, sell-side analysts predict that CS Disco, Inc. will post -0.69 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on LAW shares. Jefferies Financial Group lowered their price target on shares of CS Disco from $6.00 to $5.50 and set a “hold” rating for the company in a report on Monday, January 6th. Needham & Company LLC reiterated a “buy” rating and set a $8.00 price target on shares of CS Disco in a report on Monday, December 9th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp bought a new position in CS Disco in the 4th quarter worth $103,000. Two Sigma Investments LP purchased a new stake in shares of CS Disco in the 4th quarter worth about $55,000. Two Sigma Advisers LP purchased a new stake in shares of CS Disco in the 4th quarter worth about $86,000. Occudo Quantitative Strategies LP purchased a new stake in shares of CS Disco in the 4th quarter worth about $88,000. Finally, Deutsche Bank AG grew its position in shares of CS Disco by 61.3% in the 4th quarter. Deutsche Bank AG now owns 22,614 shares of the company’s stock worth $113,000 after buying an additional 8,590 shares during the period. 58.05% of the stock is currently owned by institutional investors.

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.