CS Disco, Inc. (NYSE:LAW) EVP Melanie Antoon Sells 3,278 Shares

CS Disco, Inc. (NYSE:LAW) EVP Melanie Antoon sold 3,278 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $5.19, for a total value of $17,012.82. Following the completion of the transaction, the executive vice president now owns 256,658 shares in the company, valued at approximately $1,332,055.02. This trade represents a 1.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

CS Disco Trading Down 3.3 %

CS Disco stock traded down $0.18 during mid-day trading on Wednesday, reaching $5.12. The company’s stock had a trading volume of 204,136 shares, compared to its average volume of 127,051. The firm has a market cap of $306.44 million, a price-to-earnings ratio of -8.52 and a beta of 2.06. The business has a 50 day moving average price of $5.18 and a 200-day moving average price of $5.54. CS Disco, Inc. has a twelve month low of $4.67 and a twelve month high of $8.57.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On CS Disco

Hedge funds have recently added to or reduced their stakes in the business. Topline Capital Management LLC bought a new stake in CS Disco in the fourth quarter valued at $9,530,000. Franklin Resources Inc. lifted its stake in CS Disco by 2.0% in the third quarter. Franklin Resources Inc. now owns 1,790,930 shares of the company’s stock valued at $10,710,000 after buying an additional 34,351 shares during the last quarter. Norges Bank bought a new stake in CS Disco in the fourth quarter valued at $8,854,000. ArrowMark Colorado Holdings LLC lifted its stake in CS Disco by 9.2% in the third quarter. ArrowMark Colorado Holdings LLC now owns 954,328 shares of the company’s stock valued at $5,611,000 after buying an additional 80,496 shares during the last quarter. Finally, Formula Growth Ltd. lifted its stake in CS Disco by 23.0% in the fourth quarter. Formula Growth Ltd. now owns 750,000 shares of the company’s stock valued at $3,742,000 after buying an additional 140,000 shares during the last quarter. Institutional investors and hedge funds own 58.05% of the company’s stock.

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.