Michael Lafair Sells 12,042 Shares of CS Disco, Inc. (NYSE:LAW) Stock

CS Disco, Inc. (NYSE:LAW) CFO Michael Lafair sold 12,042 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $5.40, for a total value of $65,026.80. Following the completion of the transaction, the chief financial officer now directly owns 781,060 shares in the company, valued at approximately $4,217,724. This represents a 1.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

CS Disco Price Performance

Shares of LAW stock opened at $5.56 on Friday. The stock has a market capitalization of $333.38 million, a PE ratio of -9.27 and a beta of 2.07. CS Disco, Inc. has a 1-year low of $4.71 and a 1-year high of $8.80. The business has a 50-day moving average of $5.85 and a 200 day moving average of $5.85.

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On CS Disco

A number of institutional investors and hedge funds have recently modified their holdings of LAW. nVerses Capital LLC purchased a new position in CS Disco during the second quarter valued at $36,000. Meeder Asset Management Inc. purchased a new position in CS Disco during the second quarter valued at $37,000. Allspring Global Investments Holdings LLC purchased a new position in CS Disco during the first quarter valued at $52,000. Bleakley Financial Group LLC purchased a new position in CS Disco during the third quarter valued at $67,000. Finally, The Manufacturers Life Insurance Company lifted its position in CS Disco by 27.0% during the second quarter. The Manufacturers Life Insurance Company now owns 13,498 shares of the company’s stock valued at $80,000 after purchasing an additional 2,871 shares in the last quarter. 58.05% of the stock is currently owned by hedge funds and other institutional investors.

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.