CS Disco, Inc. (NYSE:LAW) CFO Sells $68,227.74 in Stock

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

CS Disco Trading Down 3.3 %

Shares of LAW stock traded down $0.18 on Wednesday, hitting $5.12. 204,136 shares of the stock were exchanged, compared to its average volume of 127,051. The firm’s 50 day moving average is $5.18 and its two-hundred day moving average is $5.54. The firm has a market capitalization of $306.44 million, a PE ratio of -8.52 and a beta of 2.06. CS Disco, Inc. has a one year low of $4.67 and a one year high of $8.57.

Institutional Trading of CS Disco

A number of hedge funds have recently bought and sold shares of LAW. Bleakley Financial Group LLC bought a new stake in shares of CS Disco during the third quarter valued at approximately $67,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of CS Disco in the 3rd quarter valued at approximately $158,000. Charles Schwab Investment Management Inc. raised its holdings in shares of CS Disco by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 218,990 shares of the company’s stock worth $1,288,000 after buying an additional 7,551 shares during the period. ArrowMark Colorado Holdings LLC increased its holdings in CS Disco by 9.2% during 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 during the period. Finally, State Street Corp boosted its position in shares of CS Disco by 0.4% in the 3rd quarter. State Street Corp now owns 507,626 shares of the company’s stock worth $2,985,000 after purchasing an additional 1,995 shares in the last quarter. Institutional investors own 58.05% of the company’s stock.

Analysts Set New Price Targets

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

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About CS Disco

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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.

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