CS Disco (NYSE:LAW) EVP Richard Francis Crum Sells 7,426 Shares

CS Disco, Inc. (NYSE:LAW) EVP Richard Francis Crum sold 7,426 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $4.18, for a total transaction of $31,040.68. Following the sale, the executive vice president directly owned 335,183 shares in the company, valued at approximately $1,401,064.94. This represents a 2.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

CS Disco Stock Performance

Shares of NYSE LAW traded down $0.04 during trading on Wednesday, reaching $4.38. The company had a trading volume of 277,412 shares, compared to its average volume of 345,653. CS Disco, Inc. has a 52 week low of $2.45 and a 52 week high of $9.11. The stock has a market cap of $284.02 million, a PE ratio of -6.94 and a beta of 1.90. The business’s 50 day moving average price is $3.91 and its 200-day moving average price is $3.98.

CS Disco (NYSE:LAW) last announced its earnings results on Wednesday, August 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.06). CS Disco had a negative net margin of 24.20% and a negative return on equity of 26.58%. The company had revenue of $43.15 million for the quarter, compared to analyst estimates of $43.10 million.

Institutional Investors Weigh In On CS Disco

A number of institutional investors and hedge funds have recently modified their holdings of LAW. Tower Research Capital LLC TRC boosted its stake in CS Disco by 87.1% in the second quarter. Tower Research Capital LLC TRC now owns 9,968 shares of the company’s stock valued at $44,000 after acquiring an additional 4,639 shares during the last quarter. Abel Hall LLC bought a new stake in shares of CS Disco during the 1st quarter valued at $57,000. Algert Global LLC bought a new stake in shares of CS Disco during the 3rd quarter valued at $70,000. Deutsche Bank AG acquired a new position in shares of CS Disco in the 2nd quarter valued at $75,000. Finally, Occudo Quantitative Strategies LP acquired a new position in shares of CS Disco in the 2nd quarter valued at $75,000. 58.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Wall Street Zen lowered CS Disco from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded CS Disco from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $8.00.

CS Disco Company Profile

CS Disco, Inc is a provider of cloud-native, artificial intelligence-driven legal applications designed to streamline e-discovery, document review and compliance processes for law firms and corporate legal departments. The Austin, Texas–based company offers a unified platform that automates labor-intensive tasks using machine learning and predictive analytics, enabling legal professionals to process, search and review large volumes of data with greater speed and accuracy.

At the core of CS Disco’s product suite is its flagship e-discovery application, which supports early case assessment, data processing, review analytics and production workflows.