CS Disco, Inc. (NYSE:LAW) CFO Michael Lafair Sells 13,146 Shares

CS Disco, Inc. (NYSE:LAW) CFO Michael Lafair sold 13,146 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $5.19, for a total transaction of $68,227.74. Following the completion of the transaction, the chief financial officer now directly owns 865,793 shares of the company’s stock, valued at approximately $4,493,465.67. The trade was a 1.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

CS Disco Stock Performance

Shares of LAW opened at $5.12 on Thursday. The stock has a market capitalization of $306.44 million, a P/E ratio of -8.52 and a beta of 2.06. CS Disco, Inc. has a 1 year low of $4.67 and a 1 year high of $8.57. The company’s fifty day moving average is $5.16 and its two-hundred day moving average is $5.54.

Hedge Funds Weigh In On CS Disco

Large investors have recently made changes to their positions in the stock. Topline Capital Management LLC purchased a new stake in shares of CS Disco in the 4th quarter worth about $9,530,000. Norges Bank acquired a new position in CS Disco during the fourth quarter worth about $8,854,000. Formula Growth Ltd. raised its position in CS Disco by 23.0% during the fourth quarter. Formula Growth Ltd. now owns 750,000 shares of the company’s stock worth $3,742,000 after acquiring an additional 140,000 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of CS Disco by 457.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 149,531 shares of the company’s stock valued at $746,000 after purchasing an additional 122,703 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of CS Disco by 104.1% in the third quarter. JPMorgan Chase & Co. now owns 198,746 shares of the company’s stock valued at $1,169,000 after purchasing an additional 101,391 shares during the last quarter. Hedge funds and other institutional investors own 58.05% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on LAW shares. Jefferies Financial Group lowered their price objective on CS Disco from $6.00 to $5.50 and set a “hold” rating for the company in a research report on Monday, January 6th. Needham & Company LLC reiterated a “buy” rating and set a $8.00 price target on shares of CS Disco in a report on Monday, December 9th.

About CS Disco

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.