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 business’s 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 completion of the transaction, the executive vice president owned 335,183 shares of the company’s stock, valued at $1,401,064.94. This represents a 2.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

CS Disco Trading Down 1.0%

NYSE LAW opened at $4.38 on Thursday. CS Disco, Inc. has a 12-month low of $2.45 and a 12-month high of $9.11. The firm’s fifty day simple moving average is $3.92 and its two-hundred day simple moving average is $3.96. The firm has a market capitalization of $284.02 million, a P/E ratio of -6.94 and a beta of 1.90.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Weiss Ratings upgraded CS Disco from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 2nd. Wall Street Zen lowered CS Disco from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $8.00.

Institutional Investors Weigh In On CS Disco

Several hedge funds have recently bought and sold shares of the stock. Topline Capital Management LLC increased its holdings in shares of CS Disco by 66.2% during the 2nd quarter. Topline Capital Management LLC now owns 2,965,268 shares of the company’s stock valued at $12,958,000 after purchasing an additional 1,181,046 shares in the last quarter. BlackRock Inc. purchased a new position in CS Disco in the second quarter valued at $7,617,000. Vanguard Group Inc. raised its position in shares of CS Disco by 1.7% in the third quarter. Vanguard Group Inc. now owns 1,959,087 shares of the company’s stock worth $12,656,000 after acquiring an additional 33,672 shares during the period. Lakewood Capital Management LP acquired a new stake in shares of CS Disco during the 2nd quarter valued at about $4,183,000. Finally, Formula Growth Ltd. purchased a new position in shares of CS Disco in the 2nd quarter valued at about $3,024,000. Hedge funds and other institutional investors own 58.05% of the company’s stock.

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.