Michael Lafair Sells 14,844 Shares of CS Disco (NYSE:LAW) Stock

CS Disco, Inc. (NYSE:LAW) EVP Michael Lafair sold 14,844 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $4.82, for a total transaction of $71,548.08. Following the completion of the transaction, the executive vice president directly owned 822,723 shares of the company’s stock, valued at $3,965,524.86. This trade represents a 1.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

CS Disco Stock Down 0.1%

NYSE:LAW opened at $4.8850 on Friday. CS Disco, Inc. has a 12-month low of $3.31 and a 12-month high of $6.64. The firm has a market capitalization of $301.60 million, a PE ratio of -5.20 and a beta of 2.05. The firm has a 50-day moving average price of $4.33 and a 200 day moving average price of $4.27.

Institutional Trading of CS Disco

Hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in shares of CS Disco by 37.0% during the fourth quarter. JPMorgan Chase & Co. now owns 272,250 shares of the company’s stock worth $1,359,000 after buying an additional 73,504 shares in the last quarter. Topline Capital Management LLC acquired a new stake in shares of CS Disco during the fourth quarter worth approximately $9,530,000. Raymond James Financial Inc. acquired a new stake in shares of CS Disco during the fourth quarter worth approximately $60,000. Two Sigma Advisers LP acquired a new stake in shares of CS Disco during the fourth quarter worth approximately $86,000. Finally, D. E. Shaw & Co. Inc. increased its holdings in shares of CS Disco by 6.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 76,174 shares of the company’s stock worth $380,000 after buying an additional 4,855 shares in the last quarter. Institutional investors and hedge funds own 58.05% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reissued a “buy” rating and issued a $8.00 price target 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 assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.75.

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.