Insider Selling: CS Disco, Inc. (NYSE:LAW) CFO Sells 3,747 Shares of Stock

CS Disco, Inc. (NYSE:LAW) CFO Michael Lafair sold 3,747 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $5.11, for a total value of $19,147.17. Following the completion of the sale, the chief financial officer now directly owns 862,046 shares of the company’s stock, valued at $4,405,055.06. The trade was a 0.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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 Price Performance

Shares of CS Disco stock opened at $4.81 on Monday. The firm has a market cap of $290.44 million, a PE ratio of -5.23 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. The stock has a fifty day moving average price of $5.07 and a 200-day moving average price of $5.52.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Pilgrim Partners Asia Pte Ltd bought a new position in shares of CS Disco during the 4th quarter worth $43,000. R Squared Ltd bought a new position in shares of CS Disco during the 4th quarter worth $47,000. Virtu Financial LLC bought a new position in shares of CS Disco during the 4th quarter worth $54,000. Meeder Asset Management Inc. grew its stake in shares of CS Disco by 50.7% during the 4th 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, Two Sigma Investments LP bought a new position in CS Disco in the 4th quarter worth about $55,000. Institutional investors own 58.05% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on LAW. Jefferies Financial Group decreased their target price on CS Disco from $6.00 to $5.50 and set a “hold” rating for the company in a research report on Monday, January 6th. Needham & Company LLC reaffirmed a “buy” rating and set 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.