Michael Lafair Sells 13,146 Shares of CS Disco, Inc. (NYSE:LAW) Stock

CS Disco, Inc. (NYSE:LAW) CFO Michael Lafair sold 13,146 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $5.19, for a total transaction of $68,227.74. Following the transaction, the chief financial officer now directly owns 865,793 shares in the company, valued at $4,493,465.67. This trade represents a 1.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

CS Disco Price Performance

Shares of NYSE LAW opened at $5.24 on Friday. The company has a 50-day moving average price of $5.13 and a 200-day moving average price of $5.53. The stock has a market capitalization of $313.92 million, a P/E ratio of -8.73 and a beta of 2.06. CS Disco, Inc. has a 1 year low of $4.67 and a 1 year high of $8.57.

CS Disco (NYSE:LAW) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The company had revenue of $37.00 million for the quarter, compared to analyst estimates of $36.03 million. CS Disco had a negative net margin of 25.36% and a negative return on equity of 19.20%. As a group, equities research 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. JPMorgan Chase & Co. lifted its stake in CS Disco by 104.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 198,746 shares of the company’s stock valued at $1,169,000 after acquiring an additional 101,391 shares in the last quarter. Barclays PLC raised its holdings in shares of CS Disco by 291.1% in the third quarter. Barclays PLC now owns 40,919 shares of the company’s stock valued at $241,000 after purchasing an additional 30,456 shares during the last quarter. Jane Street Group LLC lifted its position in shares of CS Disco by 44.2% during the third quarter. Jane Street Group LLC now owns 45,339 shares of the company’s stock valued at $267,000 after purchasing an additional 13,894 shares in the last quarter. Bleakley Financial Group LLC purchased a new position in CS Disco during the third quarter worth about $67,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in CS Disco by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 218,990 shares of the company’s stock worth $1,288,000 after purchasing an additional 7,551 shares during the last quarter. Institutional investors own 58.05% of the company’s stock.

Wall Street Analyst Weigh In

LAW has been the topic of a number of research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $8.00 price target on shares of CS Disco in a research note on Friday. Jefferies Financial Group lowered their target price on CS Disco from $6.00 to $5.50 and set a “hold” rating on the stock in a research report on Monday, January 6th.

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.