CS Disco Inc (NYSE:LAW) Major Shareholder Sells $80,323,090.00 in Stock

CS Disco Inc (NYSE:LAW) major shareholder Stephens Group, Llc sold 1,515,530 shares of the firm’s stock in a transaction dated Friday, September 17th. The shares were sold at an average price of $53.00, for a total value of $80,323,090.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of LAW stock traded down $1.06 on Monday, hitting $49.45. 486,003 shares of the stock traded hands, compared to its average volume of 404,397. CS Disco Inc has a 52 week low of $39.55 and a 52 week high of $69.41.

A number of research firms have issued reports on LAW. Needham & Company LLC lifted their price target on CS Disco from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, September 3rd. Cowen boosted their target price on shares of CS Disco from $60.00 to $63.00 and gave the company an “outperform” rating in a report on Friday, September 3rd. Stifel Nicolaus boosted their price target on shares of CS Disco from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, September 3rd. Jefferies Financial Group began coverage on shares of CS Disco in a research report on Monday, August 16th. They set a “hold” rating and a $55.00 price target for the company. Finally, Loop Capital upped their target price on shares of CS Disco from $60.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, September 3rd. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $66.22.

CS Disco Company Profile

CS Disco Inc provides software service solutions. The Company offers cloud based, artificial intelligence-powered legal solution which simplifies ediscovery, legal document review and case management for enterprises, law firms, legal services providers and governments. CS Disco Inc is based in AUSTIN, Texas.

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