CS Disco, Inc. (NYSE:LAW) CFO Michael Lafair Sells 12,042 Shares

CS Disco, Inc. (NYSE:LAW) CFO Michael Lafair sold 12,042 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $5.40, for a total transaction of $65,026.80. Following the transaction, the chief financial officer now directly owns 781,060 shares in the company, valued at approximately $4,217,724. This represents a 1.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

CS Disco Price Performance

CS Disco stock opened at $5.45 on Thursday. The firm’s fifty day moving average price is $5.85 and its two-hundred day moving average price is $5.85. CS Disco, Inc. has a 1-year low of $4.71 and a 1-year high of $8.80.

CS Disco (NYSE:LAW) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.06). The business had revenue of $36.27 million during the quarter, compared to the consensus estimate of $36.33 million. CS Disco had a negative net margin of 25.36% and a negative return on equity of 19.20%. CS Disco’s revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.02) EPS. Analysts anticipate that CS Disco, Inc. will post -0.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CS Disco

Several institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in CS Disco by 34.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 666,437 shares of the company’s stock valued at $3,972,000 after acquiring an additional 170,496 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of CS Disco by 188.9% during the second quarter. Renaissance Technologies LLC now owns 145,600 shares of the company’s stock valued at $868,000 after purchasing an additional 95,200 shares in the last quarter. Vanguard Group Inc. boosted its holdings in CS Disco by 4.2% during the first quarter. Vanguard Group Inc. now owns 2,031,257 shares of the company’s stock worth $16,514,000 after purchasing an additional 82,549 shares during the last quarter. ArrowMark Colorado Holdings LLC grew its position in CS Disco by 9.2% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 954,328 shares of the company’s stock worth $5,611,000 after purchasing an additional 80,496 shares in the last quarter. Finally, Barclays PLC increased its stake in CS Disco by 291.1% in the 3rd quarter. Barclays PLC now owns 40,919 shares of the company’s stock valued at $241,000 after buying an additional 30,456 shares during the last quarter. Institutional investors own 58.05% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LAW. Needham & Company LLC reiterated a “buy” rating and set a $8.00 price objective on shares of CS Disco in a report on Thursday, November 7th. Jefferies Financial Group increased their price target on CS Disco from $5.50 to $6.00 and gave the stock a “hold” rating in a report on Tuesday, October 29th.

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.