Richard Francis Crum Sells 6,508 Shares of CS Disco (NYSE:LAW) Stock

CS Disco, Inc. (NYSE:LAW) EVP Richard Francis Crum sold 6,508 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $3.07, for a total transaction of $19,979.56. Following the completion of the transaction, the executive vice president directly owned 224,412 shares in the company, valued at $688,944.84. The trade was a 2.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

CS Disco Stock Performance

Shares of LAW stock opened at $3.29 on Friday. CS Disco, Inc. has a 52 week low of $2.91 and a 52 week high of $9.11. The company has a market capitalization of $205.28 million, a price-to-earnings ratio of -3.25 and a beta of 2.08. The company has a 50-day simple moving average of $6.35 and a 200 day simple moving average of $6.27.

Institutional Investors Weigh In On CS Disco

Several institutional investors have recently made changes to their positions in the stock. Essex Investment Management Co. LLC bought a new position in CS Disco during the 3rd quarter worth $2,868,000. Los Angeles Capital Management LLC bought a new stake in shares of CS Disco during the 2nd quarter valued at $324,000. Norges Bank acquired a new stake in shares of CS Disco during the 2nd quarter worth $2,863,000. Campbell & CO Investment Adviser LLC bought a new position in shares of CS Disco in the second quarter worth $51,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in CS Disco by 20.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 200,782 shares of the company’s stock valued at $877,000 after purchasing an additional 34,406 shares in the last quarter. 58.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

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.