Michael Lafair Sells 3,747 Shares of CS Disco, Inc. (NYSE:LAW) Stock

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

Michael Lafair also recently made the following trade(s):

• On Tuesday, February 18th, Michael Lafair sold 13,146 shares of CS Disco stock. The stock was sold at an average price of $5.19, for a total value of $68,227.74.

CS Disco Price Performance

Shares of LAW stock opened at $4.81 on Friday. The stock’s fifty day simple moving average is $5.07 and its 200 day simple moving average is $5.52. The firm has a market cap of $290.44 million, a price-to-earnings ratio of -5.23 and a beta of 2.06. CS Disco, Inc. has a one year low of $4.67 and a one year high of $8.57.

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

Hedge Funds Weigh In On CS Disco

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in CS Disco by 104.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 198,746 shares of the company’s stock valued at $1,169,000 after purchasing an additional 101,391 shares during the last quarter. Barclays PLC raised its position in CS Disco by 291.1% in the 3rd quarter. Barclays PLC now owns 40,919 shares of the company’s stock valued at $241,000 after purchasing an additional 30,456 shares during the last quarter. Jane Street Group LLC raised its position in CS Disco by 44.2% in the 3rd quarter. Jane Street Group LLC now owns 45,339 shares of the company’s stock valued at $267,000 after purchasing an additional 13,894 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in CS Disco by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 218,990 shares of the company’s stock valued at $1,288,000 after purchasing an additional 7,551 shares during the last quarter. Finally, R Squared Ltd bought a new position in CS Disco in the 4th quarter valued at $47,000. Institutional investors own 58.05% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and set a $8.00 price objective on shares of CS Disco in a report on Friday, February 21st. Jefferies Financial Group decreased their price target on CS Disco from $6.00 to $5.50 and set a “hold” rating on the stock in a research note on Monday, January 6th.

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.