CS Disco, Inc. (NYSE:LAW) EVP Karen Herckis Sells 3,615 Shares of Stock

CS Disco, Inc. (NYSE:LAW) EVP Karen Herckis sold 3,615 shares of CS Disco stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $5.40, for a total transaction of $19,521.00. Following the transaction, the executive vice president now directly owns 103,705 shares in the company, valued at approximately $560,007. This represents a 3.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

CS Disco Price Performance

Shares of CS Disco stock opened at $5.45 on Thursday. The company’s 50-day moving average price is $5.85 and its 200-day moving average price is $5.85. CS Disco, Inc. has a 12-month low of $4.71 and a 12-month high of $8.80.

CS Disco (NYSE:LAW) last announced its earnings results on Wednesday, November 6th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). CS Disco had a negative net margin of 25.36% and a negative return on equity of 19.20%. The company had revenue of $36.27 million during the quarter, compared to analysts’ expectations of $36.33 million. During the same period in the prior year, the business earned ($0.02) earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities analysts forecast that CS Disco, Inc. will post -0.69 earnings per share for the current year.

Hedge Funds Weigh In On CS Disco

Several institutional investors have recently modified their holdings of the company. nVerses Capital LLC purchased a new stake in CS Disco during the second quarter valued at about $36,000. Meeder Asset Management Inc. bought a new position in CS Disco during the 2nd quarter worth approximately $37,000. Allspring Global Investments Holdings LLC purchased a new position in CS Disco in the 1st quarter worth approximately $52,000. State Board of Administration of Florida Retirement System bought a new stake in CS Disco in the first quarter valued at approximately $83,000. Finally, Bleakley Financial Group LLC purchased a new stake in shares of CS Disco during the third quarter valued at approximately $67,000. 58.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Jefferies Financial Group lifted their price target on CS Disco from $5.50 to $6.00 and gave the stock a “hold” rating in a report on Tuesday, October 29th. Needham & Company LLC reissued a “buy” rating and issued a $8.00 price objective on shares of CS Disco in a report on Thursday, November 7th.

CS Disco Company Profile

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.