CS Disco (NYSE:LAW) Insider Susan Garcia Sells 6,840 Shares of Stock

CS Disco, Inc. (NYSE:LAW) insider Susan Garcia sold 6,840 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $4.18, for a total value of $28,591.20. Following the transaction, the insider owned 139,109 shares in the company, valued at $581,475.62. The trade was a 4.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

CS Disco Price Performance

LAW opened at $4.38 on Thursday. CS Disco, Inc. has a 12 month low of $2.45 and a 12 month high of $9.11. The stock has a market capitalization of $284.02 million, a P/E ratio of -6.94 and a beta of 1.90. The business has a 50 day simple moving average of $3.92 and a 200-day simple moving average of $3.96.

CS Disco (NYSE:LAW) last issued its earnings results on Wednesday, August 5th. The company reported ($0.06) EPS for the quarter, hitting the consensus estimate of ($0.06). The company had revenue of $43.15 million for the quarter, compared to analyst estimates of $43.10 million. CS Disco had a negative net margin of 24.20% and a negative return on equity of 26.58%.

Institutional Trading of CS Disco

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC purchased a new position in CS Disco in the 2nd quarter valued at about $111,000. Formula Growth Ltd. purchased a new position in shares of CS Disco during the second quarter valued at approximately $3,024,000. Public Employees Retirement System of Ohio acquired a new stake in CS Disco during the second quarter worth approximately $128,000. Corient Private Wealth LP purchased a new stake in CS Disco in the 2nd quarter worth approximately $95,000. Finally, Bank of America Corp DE acquired a new stake in shares of CS Disco in the second quarter worth $83,000. Hedge funds and other institutional investors own 58.05% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wall Street Zen lowered CS Disco from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings raised shares of CS Disco from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 2nd. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, CS Disco has a consensus rating of “Hold” and an average target price of $8.00.

About CS Disco

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.