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

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

CS Disco Stock Down 3.3 %

NYSE LAW opened at $5.12 on Thursday. CS Disco, Inc. has a fifty-two week low of $4.67 and a fifty-two week high of $8.57. The business has a 50 day moving average price of $5.16 and a two-hundred day moving average price of $5.54. The stock has a market cap of $306.44 million, a PE ratio of -8.52 and a beta of 2.06.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LAW. Pilgrim Partners Asia Pte Ltd purchased a new stake in CS Disco during the 4th quarter worth $43,000. R Squared Ltd purchased a new stake in shares of CS Disco during the fourth quarter worth about $47,000. Virtu Financial LLC purchased a new stake in shares of CS Disco during the fourth quarter worth about $54,000. Meeder Asset Management Inc. lifted its stake in shares of CS Disco by 50.7% in the fourth quarter. Meeder Asset Management Inc. now owns 10,847 shares of the company’s stock worth $54,000 after acquiring an additional 3,650 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new position in CS Disco in the fourth quarter valued at about $55,000. 58.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LAW has been the topic of several research reports. Jefferies Financial Group cut their target price on CS Disco from $6.00 to $5.50 and set a “hold” rating on the stock in a research report on Monday, January 6th. Needham & Company LLC restated a “buy” rating and issued a $8.00 price objective on shares of CS Disco in a report on Monday, December 9th.

CS Disco Company Profile

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.