CS Disco (NYSE:LAW) EVP Richard Francis Crum Sells 6,508 Shares of Stock

CS Disco, Inc. (NYSE:LAW) EVP Richard Francis Crum sold 6,508 shares of the company’s 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 $19,979.56. Following the completion of the sale, the executive vice president owned 224,412 shares in the company, valued at approximately $688,944.84. This represents a 2.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

CS Disco Trading Up 0.3%

LAW stock traded up $0.01 during trading on Friday, hitting $3.37. The company had a trading volume of 201,045 shares, compared to its average volume of 324,647. The company has a fifty day moving average price of $6.45 and a two-hundred day moving average price of $6.28. CS Disco, Inc. has a fifty-two week low of $2.91 and a fifty-two week high of $9.11. The company has a market cap of $210.65 million, a P/E ratio of -3.34 and a beta of 2.08.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LAW. CWM LLC boosted its position in CS Disco by 73.5% in the 3rd quarter. CWM LLC now owns 4,804 shares of the company’s stock valued at $31,000 after buying an additional 2,035 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of CS Disco during the third quarter valued at $62,000. Tower Research Capital LLC TRC boosted its holdings in CS Disco by 87.1% in the second quarter. Tower Research Capital LLC TRC now owns 9,968 shares of the company’s stock valued at $44,000 after acquiring an additional 4,639 shares during the last quarter. Algert Global LLC bought a new position in CS Disco in the third quarter valued at about $70,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in CS Disco during the 2nd quarter worth about $51,000. Institutional investors and hedge funds own 58.05% of the company’s stock.

Wall Street Analysts Forecast Growth

LAW has been the subject of several analyst reports. Wall Street Zen raised shares of CS Disco from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Jefferies Financial Group lifted their target price on shares of CS Disco from $6.00 to $8.00 and gave the company a “hold” rating in a research note on Monday, January 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of CS Disco in a report on Wednesday, January 21st. Finally, Needham & Company LLC increased their price target on CS Disco from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. One investment 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. Based on data from MarketBeat, CS Disco currently has a consensus 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.