CS Disco, Inc. (NYSE:LAW) CFO Sells $19,147.17 in Stock

CS Disco, Inc. (NYSE:LAW - Get Free Report) CFO Michael Lafair sold 3,747 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $5.11, for a total transaction of $19,147.17. Following the completion of the sale, the chief financial officer now directly owns 862,046 shares in the company, valued at approximately $4,405,055.06. This represents a 0.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Michael Lafair also recently made the following trade(s):

• On Tuesday, February 18th, Michael Lafair sold 13,146 shares of CS Disco stock. The shares were sold at an average price of $5.19, for a total value of $68,227.74.

CS Disco Stock Performance

NYSE:LAW traded up $0.21 during trading on Tuesday, reaching $4.85. The company's stock had a trading volume of 93,986 shares, compared to its average volume of 140,317. CS Disco, Inc. has a 12 month low of $4.50 and a 12 month high of $8.57. The firm has a 50 day moving average of $5.06 and a 200-day moving average of $5.52. The firm has a market cap of $292.92 million, a price-to-earnings ratio of -5.27 and a beta of 2.06.

CS Disco (NYSE:LAW - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.05). The business had revenue of $37.00 million for the quarter, compared to the consensus estimate of $36.03 million. CS Disco had a negative net margin of 38.51% and a negative return on equity of 22.30%. Equities research analysts forecast that CS Disco, Inc. will post -0.64 earnings per share for the current fiscal year.

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Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp raised its stake in shares of CS Disco by 0.4% in the third 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 during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of CS Disco by 13.6% in the fourth quarter. Wells Fargo & Company MN now owns 23,210 shares of the company's stock worth $116,000 after buying an additional 2,781 shares during the last quarter. Rhumbline Advisers increased its holdings in CS Disco by 8.8% during the fourth quarter. Rhumbline Advisers now owns 41,156 shares of the company's stock valued at $205,000 after buying an additional 3,326 shares during the last quarter. Meeder Asset Management Inc. raised its position in CS Disco by 50.7% in the fourth quarter. Meeder Asset Management Inc. now owns 10,847 shares of the company's stock worth $54,000 after acquiring an additional 3,650 shares during the period. Finally, Barclays PLC boosted its stake in shares of CS Disco by 10.4% during the 4th quarter. Barclays PLC now owns 45,188 shares of the company's stock worth $226,000 after acquiring an additional 4,269 shares during the last quarter. Hedge funds and other institutional investors own 58.05% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LAW. Jefferies Financial Group dropped their price objective on CS Disco from $6.00 to $5.50 and set a "hold" rating on the stock in a research note on Monday, January 6th. Needham & Company LLC restated a "buy" rating and issued a $8.00 target price on shares of CS Disco in a research report on Friday, February 21st.

About CS Disco

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.