Richard Francis Crum Sells 7,426 Shares of CS Disco (NYSE:LAW) Stock

CS Disco, Inc. (NYSE:LAW) EVP Richard Francis Crum sold 7,426 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $4.18, for a total value of $31,040.68. Following the sale, the executive vice president directly owned 335,183 shares in the company, valued at approximately $1,401,064.94. The trade was a 2.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

CS Disco Trading Down 1.1%

Shares of LAW stock opened at $4.32 on Friday. The firm has a 50-day moving average price of $3.94 and a 200 day moving average price of $3.95. CS Disco, Inc. has a twelve month low of $2.45 and a twelve month high of $9.11. The company has a market capitalization of $280.45 million, a price-to-earnings ratio of -6.86 and a beta of 1.90.

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

Institutional Investors Weigh In On CS Disco

Several hedge funds have recently modified their holdings of the stock. Jacobs Levy Equity Management Inc. increased its holdings in shares of CS Disco by 1.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 205,372 shares of the company’s stock worth $1,327,000 after buying an additional 2,045 shares during the last quarter. PDT Partners LLC raised its position in shares of CS Disco by 7.6% in the 2nd quarter. PDT Partners LLC now owns 33,795 shares of the company’s stock worth $148,000 after buying an additional 2,388 shares during the period. Jane Street Group LLC boosted its holdings in CS Disco by 5.9% in the second quarter. Jane Street Group LLC now owns 47,260 shares of the company’s stock valued at $207,000 after acquiring an additional 2,632 shares during the last quarter. Bank of America Corp DE boosted its holdings in CS Disco by 11.6% in the first quarter. Bank of America Corp DE now owns 26,015 shares of the company’s stock valued at $99,000 after acquiring an additional 2,701 shares during the last quarter. Finally, Algert Global LLC grew its position in CS Disco by 18.3% during the second quarter. Algert Global LLC now owns 28,120 shares of the company’s stock valued at $106,000 after acquiring an additional 4,350 shares during the period. 58.05% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about CS Disco

Here are the key news stories impacting CS Disco this week:

• Positive Sentiment: DISCO enhanced its AI-powered Auto Review solution, enabling legal teams to iterate prompts more quickly and refine review instructions without specialized prompt-engineering expertise. The feature could improve customer adoption, workflow efficiency and the value proposition of DISCO’s legal technology platform. New DISCO Auto Review Capability Puts Legal Teams in Control of AI-Powered Review
• Neutral Sentiment: Recent institutional buying provides some support. Topline Capital Management increased its position substantially, while BlackRock, Lakewood Capital Management and Formula Growth established new positions. However, this information comes from recent filings rather than a new operating announcement, and institutional ownership does not guarantee near-term performance.
• Negative Sentiment: Four CS Disco executives sold shares totaling approximately $130,700 at an average price of $4.18, including sales by Susan Garcia, Richard Francis Crum, Melanie Antoon and Karen Herckis. Each filing stated that the shares were sold to cover tax withholding obligations tied to equity-award vesting, so the sales appear less concerning than discretionary insider selling. Nevertheless, the cluster of transactions can create short-term selling pressure and may temper investor confidence. CS Disco Insider Sells Stock

Analysts Set New Price Targets

Several analysts have commented on the stock. Weiss Ratings raised shares of 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 note on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $8.00.

About CS Disco

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.