Insider Selling: CS Disco (NYSE:LAW) EVP Sells $28,517.23 in Stock

CS Disco, Inc. (NYSE:LAW) EVP Melanie Antoon sold 9,289 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $3.07, for a total transaction of $28,517.23. Following the sale, the executive vice president directly owned 203,421 shares of the company’s stock, valued at $624,502.47. This represents a 4.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

CS Disco Stock Down 2.2%

LAW opened at $3.29 on Friday. The company has a market cap of $205.29 million, a PE ratio of -3.25 and a beta of 2.08. CS Disco, Inc. has a twelve month low of $2.91 and a twelve month high of $9.11. The company has a 50-day moving average price of $6.35 and a 200 day moving average price of $6.29.

Institutional Trading of CS Disco

Several large investors have recently added to or reduced their stakes in the stock. CWM LLC raised its holdings in shares of CS Disco by 73.5% during the 3rd quarter. CWM LLC now owns 4,804 shares of the company’s stock worth $31,000 after acquiring an additional 2,035 shares during the period. Tower Research Capital LLC TRC increased its position in CS Disco by 87.1% during the second quarter. Tower Research Capital LLC TRC now owns 9,968 shares of the company’s stock worth $44,000 after purchasing an additional 4,639 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in CS Disco during the second quarter worth about $51,000. Pilgrim Partners Asia Pte Ltd purchased a new position in CS Disco during the third quarter worth about $62,000. Finally, Algert Global LLC acquired a new position in CS Disco in the 3rd quarter valued at about $70,000. 58.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Wall Street Zen upgraded CS Disco from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Jefferies Financial Group raised their price objective on CS Disco from $6.00 to $8.00 and gave the company a “hold” rating in a report on Monday, January 5th. Needham & Company LLC upped their target price on shares of CS Disco from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of CS Disco in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently 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.