CS Disco (NYSE:LAW) EVP Sells 8,171 Shares

CS Disco, Inc. (NYSE:LAW) EVP Karen Herckis sold 8,171 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $3.07, for a total transaction of $25,084.97. Following the completion of the transaction, the executive vice president directly owned 132,259 shares of the company’s stock, valued at $406,035.13. This represents a 5.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CS Disco Stock Performance

Shares of CS Disco stock traded up $0.28 during trading hours on Thursday, reaching $3.37. 563,747 shares of the company were exchanged, compared to its average volume of 328,668. The firm has a market cap of $210.59 million, a PE ratio of -3.34 and a beta of 2.08. CS Disco, Inc. has a 1 year low of $2.91 and a 1 year high of $9.11. The stock’s fifty day moving average is $6.57 and its 200 day moving average is $6.30.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LAW. Wall Street Zen upgraded CS Disco from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CS Disco in a report on Wednesday, January 21st. Jefferies Financial Group boosted their price target on shares of CS Disco from $6.00 to $8.00 and gave the stock a “hold” rating in a report on Monday, January 5th. Finally, Needham & Company LLC raised their price objective on shares of CS Disco from $8.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, November 6th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, CS Disco has a consensus rating of “Hold” and an average target price of $9.00.

Institutional Trading of CS Disco

Institutional investors have recently modified their holdings of the stock. Topline Capital Management LLC raised its stake in CS Disco by 8.1% during the 3rd quarter. Topline Capital Management LLC now owns 3,206,003 shares of the company’s stock worth $20,711,000 after acquiring an additional 240,735 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of CS Disco by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,959,087 shares of the company’s stock valued at $12,656,000 after purchasing an additional 33,672 shares during the last quarter. Formula Growth Ltd. boosted its position in shares of CS Disco by 3.8% in the 2nd quarter. Formula Growth Ltd. now owns 830,000 shares of the company’s stock valued at $3,627,000 after purchasing an additional 30,000 shares during the period. Dimensional Fund Advisors LP lifted its stake in CS Disco by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 757,994 shares of the company’s stock valued at $5,882,000 after buying an additional 26,608 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of CS Disco in the second quarter valued at approximately $2,863,000. Hedge funds and other institutional investors own 58.05% of the company’s stock.

About CS Disco

CS Disco, Inc is a provider of cloud-native, artificial intelligence-driven legal applications designed to streamline e-discovery, document review and compliance processes for law firms and corporate legal departments. The Austin, Texas–based company offers a unified platform that automates labor-intensive tasks using machine learning and predictive analytics, enabling legal professionals to process, search and review large volumes of data with greater speed and accuracy.

At the core of CS Disco’s product suite is its flagship e-discovery application, which supports early case assessment, data processing, review analytics and production workflows.