CS Disco (NYSE:LAW) EVP Sells $71,548.08 in Stock

CS Disco, Inc. (NYSE:LAW) EVP Michael Lafair sold 14,844 shares of the company’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $4.82, for a total transaction of $71,548.08. Following the sale, the executive vice president owned 822,723 shares of the company’s stock, valued at $3,965,524.86. The trade was a 1.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

CS Disco Stock Performance

Shares of CS Disco stock opened at $5.19 on Friday. The firm has a fifty day moving average of $4.35 and a two-hundred day moving average of $4.27. The stock has a market capitalization of $320.43 million, a price-to-earnings ratio of -5.52 and a beta of 2.05. CS Disco, Inc. has a 52 week low of $3.31 and a 52 week high of $6.64.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reiterated a “buy” rating and set a $8.00 target price on shares of CS Disco in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, CS Disco has a consensus rating of “Moderate Buy” and an average target price of $6.75.

Institutional Trading of CS Disco

Large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its position in shares of CS Disco by 87.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,968 shares of the company’s stock valued at $44,000 after buying an additional 4,639 shares in the last quarter. Two Sigma Investments LP bought a new stake in shares of CS Disco in the 4th quarter valued at $55,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of CS Disco in the 2nd quarter valued at $51,000. Price T Rowe Associates Inc. MD bought a new position in CS Disco during the 4th quarter worth about $59,000. Finally, Raymond James Financial Inc. bought a new position in CS Disco during the 4th quarter worth about $60,000. Institutional investors own 58.05% of the company’s stock.

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.