Insider Selling: CS Disco (NYSE:LAW) Insider Sells $11,491.01 in Stock

CS Disco, Inc. (NYSE:LAW) insider Susan Garcia sold 3,743 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $3.07, for a total transaction of $11,491.01. Following the transaction, the insider directly owned 74,237 shares in the company, valued at approximately $227,907.59. This represents a 4.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

CS Disco Stock Down 2.2%

NYSE LAW opened at $3.29 on Friday. The firm has a 50-day moving average price of $6.35 and a two-hundred day moving average price of $6.29. CS Disco, Inc. has a 12-month low of $2.91 and a 12-month high of $9.11. The company has a market capitalization of $205.29 million, a P/E ratio of -3.25 and a beta of 2.08.

Analyst Ratings Changes

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

Institutional Trading of CS Disco

Several large investors have recently bought and sold shares of LAW. Mercer Global Advisors Inc. ADV bought a new position in CS Disco in the fourth quarter valued at about $99,000. XTX Topco Ltd lifted its holdings in shares of CS Disco by 274.1% in the fourth quarter. XTX Topco Ltd now owns 42,616 shares of the company’s stock worth $331,000 after acquiring an additional 31,223 shares during the last quarter. Zacks Investment Management boosted its stake in shares of CS Disco by 35.7% in the 4th quarter. Zacks Investment Management now owns 84,286 shares of the company’s stock valued at $654,000 after purchasing an additional 22,192 shares in the last quarter. Polymer Capital Management US LLC bought a new stake in shares of CS Disco during the 4th quarter valued at approximately $187,000. Finally, Occudo Quantitative Strategies LP grew its holdings in shares of CS Disco by 29.7% during the 4th quarter. Occudo Quantitative Strategies LP now owns 23,029 shares of the company’s stock valued at $179,000 after purchasing an additional 5,271 shares during the last quarter. 58.05% of the stock is owned by institutional investors and hedge funds.

CS Disco Company Profile

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.