Susan Garcia Sells 3,743 Shares of CS Disco (NYSE:LAW) Stock

CS Disco, Inc. (NYSE:LAW) insider Susan Garcia sold 3,743 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $3.07, for a total value of $11,491.01. Following the transaction, the insider directly owned 74,237 shares in the company, valued at $227,907.59. This trade represents a 4.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

CS Disco Trading Down 2.2%

NYSE LAW opened at $3.29 on Friday. The firm has a market cap of $205.28 million, a PE ratio of -3.25 and a beta of 2.08. CS Disco, Inc. has a 1-year low of $2.91 and a 1-year high of $9.11. The stock has a 50-day moving average of $6.35 and a 200-day moving average of $6.27.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

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