CS Disco (NYSE:LAW) Insider Susan Garcia Sells 3,743 Shares

CS Disco, Inc. (NYSE:LAW) insider Susan Garcia sold 3,743 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $3.07, for a total transaction of $11,491.01. Following the completion of the transaction, the insider owned 74,237 shares in the company, valued at approximately $227,907.59. This trade represents a 4.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

CS Disco Stock Performance

CS Disco stock traded up $0.28 during trading hours on Thursday, hitting $3.37. 563,747 shares of the stock were exchanged, compared to its average volume of 328,668. The stock has a market capitalization of $210.59 million, a P/E ratio of -3.34 and a beta of 2.08. The business’s 50-day moving average is $6.57 and its two-hundred day moving average is $6.30. CS Disco, Inc. has a 12 month low of $2.91 and a 12 month high of $9.11.

Analyst Ratings Changes

Several brokerages have issued reports on LAW. Wall Street Zen upgraded CS Disco from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “sell (d-)” rating on shares of CS Disco in a report on Wednesday, January 21st. Jefferies Financial Group lifted their price target on CS Disco from $6.00 to $8.00 and gave the company a “hold” rating in a report on Monday, January 5th. Finally, Needham & Company LLC upped their price target on shares of CS Disco from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, CS Disco presently has a consensus rating of “Hold” and an average price target of $9.00.

Institutional Investors Weigh In On CS Disco

Several hedge funds and other institutional investors have recently made changes to their positions in LAW. Topline Capital Management LLC lifted its stake in shares of CS Disco by 66.2% during the second quarter. Topline Capital Management LLC now owns 2,965,268 shares of the company’s stock valued at $12,958,000 after acquiring an additional 1,181,046 shares during the period. Norges Bank bought a new stake in CS Disco during the 2nd quarter worth about $2,863,000. Essex Investment Management Co. LLC bought a new stake in CS Disco during the 3rd quarter worth about $2,868,000. Nuveen LLC lifted its position in CS Disco by 187.2% during the 4th quarter. Nuveen LLC now owns 318,672 shares of the company’s stock valued at $2,473,000 after purchasing an additional 207,700 shares during the period. Finally, First Eagle Investment Management LLC boosted its stake in shares of CS Disco by 100.6% in the 4th quarter. First Eagle Investment Management LLC now owns 328,719 shares of the company’s stock valued at $2,551,000 after purchasing an additional 164,873 shares during the last quarter. 58.05% of the stock is owned by institutional investors and hedge funds.

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.