Insider Selling: CS Disco (NYSE:LAW) EVP Sells 9,289 Shares of Stock

CS Disco, Inc. (NYSE:LAW) EVP Melanie Antoon sold 9,289 shares of CS Disco stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $3.07, for a total value of $28,517.23. Following the sale, the executive vice president owned 203,421 shares in the company, valued at $624,502.47. This represents a 4.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CS Disco Trading Up 9.1%

LAW traded up $0.28 during trading on Thursday, reaching $3.37. The stock had a trading volume of 563,747 shares, compared to its average volume of 328,668. CS Disco, Inc. has a one year low of $2.91 and a one year high of $9.11. The company has a market capitalization of $210.59 million, a price-to-earnings ratio of -3.34 and a beta of 2.08. The stock’s 50 day moving average is $6.57 and its two-hundred day moving average is $6.30.

Institutional Investors Weigh In On CS Disco

Institutional investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC bought a new stake in CS Disco in the 1st quarter worth about $216,000. Jane Street Group LLC boosted its holdings in shares of CS Disco by 51.6% during the 1st quarter. Jane Street Group LLC now owns 44,628 shares of the company’s stock valued at $183,000 after acquiring an additional 15,187 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of CS Disco in the first quarter worth approximately $195,000. R Squared Ltd raised its holdings in shares of CS Disco by 136.9% during the second quarter. R Squared Ltd now owns 47,456 shares of the company’s stock valued at $207,000 after purchasing an additional 27,423 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in CS Disco during the second quarter valued at approximately $324,000. 58.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LAW. Weiss Ratings reiterated a “sell (d-)” rating on shares of CS Disco in a report on Wednesday, January 21st. Needham & Company LLC raised their price objective on CS Disco from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Wall Street Zen raised CS Disco from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Jefferies Financial Group increased their target price on CS Disco from $6.00 to $8.00 and gave the stock a “hold” rating in a research note on Monday, January 5th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, CS Disco presently has an average rating of “Hold” and an average price target of $9.00.

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.